In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. The Roman numeral M denotes thousands. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million).
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M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one ...
Rather than use the barred M, however, accounting went with MM as an abbreviation for a million. For example, 1MM equals 1 million, $34MM equals $34 million and ...
Jul 26, 2023 · The most common abbreviation in business settings is MM. What Does Million Mean? The word “million” is defined as the number 1,000,000. When ...
Jan 3, 2024 · Traditionally M was used as thousands in roman numbers so MM is 1,000 * 1,000 = 1,000,000 which is 1 million. MM is widely used in the gas and ...
May 18, 2022 · M means thousand, mm means million. But different sectors have different conventions.
Definition of MM. The Roman numerals MM are used to indicate one million. Example of MM. Sales of $3,000,000 might be written as $3MM.
May 5, 2011 · MM means a thousand thousand. Like in Italian how M still means Mile, or 1000. Millione is 1,000,000. ••• ...
What should be the abbreviation for million, M or MM? - Quora
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Mar 14, 2015 · In terms of finance, MM typically stands for Millions. $100 MM mean $ 100 Million. Here is an interesting fact. Lowercase "mm" does mean ...
Sep 29, 2023 · $1MM Equity (Capital Balance) = Beginning Balance + Income ($10M) - Draw ($4MBy looking at this example, you know the company had $1,004,000 ...