If K and MM are used, it’s bad style because the symbols are being mixed up. But if M and MM are used, non-experts might not even be aware that M is a symbol for thousands and get confused. It seems like that the safest choice to ensure comprehension is to use K and MM, but something about mixing the symbols just doesn’t seem right to me. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
The use of two m’s to denote millions is becoming less common. Frequently, in finance and accounting settings now, an analyst will use k to denote thousands and a capitalized M to denote millions. Free calculators and unit converters for general and everyday use. Please provide values below to convert millimeter [mm] to centimeter [cm], or vice versa. Whether the topic is significant sums of money or a massive quantity of something, it’s common to use abbreviations when writing out large numbers in text.
K is also used in computing to mean “kilobyte,” but mostly in commercial contexts as a shortening of KB (see CMOS 10.49). To further muddy the waters, K can also mean “kelvin,” which is the base unit of temperature. We often find the abbreviation (mm) on financial statements, which stands for millions. Unfortunately, this practice can occasionally cause confusion within the financial industry as multiple numerical abbreviations are used interchangeably within society.
- By placing the first occurrence of a given symbol (abbreviation) in each article or presentation within parentheses you remove all doubt about what you mean.
- The rounds attain a maximum velocity of more than 240 m/s and have a maximum effective range of 2,200 metres.
- Most native speakers wouldn’t care much about “million” as an abbreviation because they won’t often come across the number in their daily lives.
- K is also used in computing to mean “kilobyte,” but mostly in commercial contexts as a shortening of KB (see CMOS 10.49).
- You can use any of the above abbreviations for thousand options when referring to thousands in writing.
- Calculate the company’s net profit margin and express it in MM.
Rheinmetall will thus be supplying tens of thousands of programmable 40 mm x 53 Airburst Munition (ABM) DM131 service cartridges. This order is worth around €22.9 million, including value added tax. The Bundeswehr has also placed an order for around 200,000 rounds of 40mm https://turbo-tax.org/ x 53 Üb DM158 practice ammunition, worth around €7.2 million, once again including VAT. Businesses and finance professionals use MM to express large sums of money and financial metrics. It is used in various ways, such as for market capitalization, revenue, and profit.
Example Sentences With Thousand Abbreviations
We’ll explain the correct abbreviation for “million” in this article. In this example, we intentionally chose a piece of analysis that contained various different units, such as dollars and shares. 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.
Common Abbreviations for Thousand
The Group’s wide assortment of cartridges in this segment includes the just-ordered programmable 40 mm x 53 ABM. Because the rounds can be timed to detonate in the air, it is possible to engage troops taking cover behind walls, etc. The 40 mm x 53 ABM, which the Bundeswehr refers to as the DM131, is qualified for use by the German armed forces. Other NATO armed forces have this advanced munition in their inventories as well. The German Bundeswehr has placed two separate orders with Rheinmetall for production and supply of 40-mm ammunition for automatic grenade launchers.
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How was the mm abbreviation created?
The meaning of the word “million” is common to the short scale and long scale numbering systems, unlike the larger numbers, which have different names in the two systems. For example, in a document that requires the use of symbols because of limited space in a table, I see “500K-1MM” to stand for “500,000-1,000,000”. This document is written for a general professional audience. Stack Exchange network consists of 183 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. To summarize, our modern numerical system is the same as the Hindu-Arabic numerical system.
This guide will explore how the notation should be used, as well as alternative symbols that are used in practice. Now that you know several large number abbreviations, you have access to several options you can use in your reports or other forms of writing. You may also find it helpful to review measurement abbreviations for common units. Expand your ability to communicate about quantities and amounts by getting to know various names and expressions for large numbers.
In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. 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). The word “million” is not a commonly mm million abbreviated word, but its abbreviations still have their place. 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.
“M” is the only acceptable abbreviation to use for “million” in UK English. You’ll find that a lot of UK native speakers won’t even know what “mm” stands for (outside of the “millimeter” measurement that is abbreviated to “mm”). A global tech company, Tech&Tech, reported total revenue of $800,000,000 for the fiscal year 2021. Calculate the company’s net profit margin and express it in MM. The cost of goods sold was $300,000,000, and the operating expenses were $80,000,000.
The goal of abbreviating large numerical values is to create financial statements that appear to be more simple and concise. This allows for the interpretation of financial statements to become more accessible. If you’re looking to avoid the word million altogether, you won’t have much luck. The only other option is to write your entire number numerically or even convert it to scientific notation. Abbreviating one million dollars is done using the above abbreviations. Generally, the abbreviation with two M’s is preferred in finance.
Megabits to Megabytes: MB to Mb & Mbps to MBps Conversions and Meaning
???? If you are looking for something more specific, we would like to recommend our crore to million converter. The million conversion formula is effortless, and you don’t have to be an expert in mathematics. The formula makes use of a conversion factor, which in our case is 1,000,000. Speaking of easy-to-use tools, you may want to check out the million to lakh converter. There are a few different ways to abbreviate billion, most are similar to the million abbreviations.
