Does two M Mean million?

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.

corporatefinanceinstitute.com - MM (Millions) - Definition, Examples, What MM Means

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MM (Millions) Units of figures representing millions Written by CFI Team Updated November 30, 2022

What is MM?

In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. The Latin numeral M denotes thousands. Thus, 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). This guide will explore how the notation should be used, as well as alternative symbols that are used in practice.

Example of MM in financial statements

The Latin numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) are in millions. The example below shows how figures can be portrayed in millions. As you can see in the figures above, net income and preferred dividends are labeled as being $mm (millions of dollars), shares authorized and shares outstanding are labeled as mm (millions of shares), and earnings per share (EPS) are labeled as $/share. 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. 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.

Download CFI’s Excel template to edit the figures yourself.

Alternative notations to MM

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.

For example, $100k x 10 = $1M

The table below summarizes different notations you may encounter in business.

Hundreds Thousands Millions Billions Written $ hundreds $ thousands $ millions $ billions 0's 00's 000's - - Latin - m mm - Modern - k M B Unfortunately, there isn’t a consistent approach to labeling units. 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. Thank you for reading CFI’s guide to MM (Millions). To continue learning and advancing your career, these additional CFI resources will be helpful:

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Does 4K mean 4 million?

Although they both have 4 in the name, 4K is double the quality of 4MP. 4K is about 8 million pixels, while a 4mp image is closer to 4 million.

getscw.com - 4MP vs 4K - What's the Difference? Are 4MP and 4K the Same?

Shootout Comparison without digital zoom: 4MP vs 4K

Because a 4K image is typically larger than a web-browser's ability to showcase its resolution, let's run another experiment: imagine that you took two very similar 4MP and a 4K images and cut a 400 x 400 pixel section of each one. What would you get?

You can really see the pixel per foot difference is very significant between 4MP and 4K. The 400x400 image segment at 4MP resolution shows both the license plate and the subjects face at 10 feet, meanwhile you need two 400x400 pixel cuts to see both things at 4K. Note: If you are viewing this on a tablet or mobile phone, you may need to view these images on a desktop, as your phone may be downsizing them.