Abbreviation for Million and Thousand: K & MM Meaning

“MM” is an old-fashioned abbreviation, but it still sees some usage today. You might come across “mm” in scientific or engineering fields, where different values are required, and they can reach well into the millions as a unit. “mm” (which is usually kept in the lower case) is an old-fashioned abbreviation that doesn’t see much common usage. You’ll find that it’s mainly used in the energy sector, but it otherwise doesn’t get recognized. Firms can use their existing assets and capabilities to venture into adjacencies. For example, a longtime industrial switchgear producer used its technical expertise and distribution network to expand into an adjacent market segment—consumer durables such as kitchen appliances, fans, and water purifiers.

• This guide will explore how the notation should be used, as well as alternative symbols that are used in practice.
• While you can make MM stand for millions of anything, it’s important that the reader knows whether you’re talking about dollars, euros, units shipped, etc.
• Harris-Benedict calculator uses one of the three most popular BMR formulas.
• Total shareholder returns includes both dividends and higher stock prices.
• People often wonder if there is a correct or best way to abbreviate million and billion when writing about figures.
• Following this program, the company realized significant incremental revenue through over 200 breakthrough projects in one year.

People often wonder if there is a correct or best way to abbreviate million and billion when writing about figures. For those who were taught numbers before the 1970s, the answer to this question may well have been different depending on where you received your schooling. While it is accepted in English today that one billion equals 109, it is important to be aware, especially when reading older texts, that in the United Kingdom billion hasn’t always meant 109. Until the 1970s, when the United Kingdom officially adopted the American definition of billion, this word represented 1012 in British English. Kevin Miller is a growth marketer with an extensive background in Search Engine Optimization, paid acquisition and email marketing. He is also an online editor and writer based out of Los Angeles, CA.

Other tips for using abbreviations on a resume

In 1202, he wrote a book called “The Book of Calculation,” in which he advocated for conducting mathematical equations with the Hindu-Arabic numeral system as opposed to the Roman numeral system. You can also use the abbreviation “mil” in casual conversation. You might hear something along the lines of “He dropped a couple mil on a new car,” or perhaps “How many mils is that house? ” This abbreviation works for both spoken and written dialogue, and is easily recognizable. Our goal is to create English lessons that are easy to understand for everyone. “M” is the official abbreviation used whenever a million units of something are requested.

• If they don’t, they can Google it and get a straight answer (I checked).
• The use of two m’s to denote millions is becoming less common.
• However, when it comes to billion, we don’t really see G or MMM as the abbreviation for billion.
• Typically, the abbreviation is used right after a number without a space.
• Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years.

This figure was much lower in slow-growing industries, where less than half of the companies had overturned performance to gain a top-quintile position. Growth provides scale benefits, but that only explains part of this correlation. Growth champions reduce costs and pursue value engineering to open new https://www.bookstime.com/ markets and create surplus profits for investing in future growth.7Value engineering refers to prioritizing cost optimization. This may include investing in distribution networks that increase their access to customers, investing in their brand and marketing, or tightly managing their pricing strategy.

How Does MM (Million) Differ from Other Numerical Expressions?

When an analyst must present various different types of units, it is recommended to add a “units” column so that each item contains a label for easy reference. While Roman numerals are technically additive (MM is really 1,000 plus 1,000 or 2,000), MM is still a fairly common way of abbreviating millions, what does mm mean especially in certain industries like oil and gas. This guide will explore how the notation should be used, as well as alternative symbols that are used in practice. If 1,000 multiplied by 1,000 equals 1,000,000, and 1,000 equals M, then we can use the abbreviations to create calculations.

It would be bad form to mix K and MM because they are two different systems of notation. The best path would be to determine what your audience is most likely to understand. The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is CFI’s recommended method, to avoid any potential confusion. When preparing financial statements, accountants will typically write a note at the top of the income statement or the balance sheet saying, “All figures are expressed in millions of U.S. dollars,” for example. When plural, as in “millions,” it refers to multiples of 1,000,000.

The History and Origin of the Word

An abbreviation for million is most often seen in financial documents and paperwork. Swap the word “million” for “mil” or “mm” to avoid redundant language but to still be specific in how large numbers you’re working with. Other numbers, such as “thousand,” have more interesting abbreviations, such as “k.” The three letters “mil” are very clearly defined as mbeaning million, so you shouldn’t run into any issues. The top quintile companies also delivered nearly double the total shareholder returns (30 percent) over five years compared to the Nifty 50 benchmark index of 14 percent total shareholder returns.5McKinsey analysis. Total shareholder returns includes both dividends and higher stock prices.

The Nifty 50 index is the Indian stock exchange index of the 50 largest companies in India by market cap. Mergers and acquisitions (M&A) are powerful tools for growth, and 30 percent of growth champions in our sample have undertaken substantial M&A activity. Strategic acquirers build organizational capabilities and best practices across all stages of the M&A process to successfully integrate the two businesses.