M vs MM What Is The Correct Abbreviation for “Million”?

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. I have had the same dilemma and come to the conclusion that using k for thousands and MM for millions is a reasonable and pragmatic thing to do. Because we have multiple options to choose from when selecting an abbreviation, it is important to use context to make the proper selection.

However, it’s fairly uncommon for “Million” to be abbreviated outside of scientific circles. 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. 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.

1. “M” is the only acceptable abbreviation to use for “million” in UK English.
2. For example, within financial statements, the industry-standard abbreviation is M for a thousand, while in everyday life, the abbreviation of K for a thousand is usually the acceptable one.
3. The Roman numerals MM are frequently used to designate that the units used in presenting information (financial and non-financial) are in millions.
4. 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.

Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results. The problem with M is that depending on the audience it can mean either thousands or millions. This is ambiguous; hence, if you wish to be unambiguous the use of M to mean either thousands or millions is to be avoided. mm million Thus, we’re left with k and MM as to unambiguous ways to denote thousands and millions respectively. However, I often see where those who are dealing with financing (banks and investment houses for bonds) use the MM for millions of dollars. In the general environment of municipal government, for dollars we use K for thousands, M for millions and B for billions.

Convert Millimeter to Other Length Units

No matter what number you want to convert to millions, you can easily do it yourself, without the help of a tool or even a calculator, if you want to be a daredevil. With these formulae now part of your arsenal, you can comfortably convert any number to millions and vice versa. In Japanese typography, these square symbols are used for laying out unit symbols without distorting the grid layout of text characters. A common shortening of millimetre in spoken English is “mil”. This can cause confusion since in the United States, “mil” traditionally means a thousandth of an inch.

Example Sentences With Thousand Abbreviations

Let us convert the data into a notation of millions for a clear and concise representation. Outside of finance and accounting, it is common to find the value of a thousand abbreviated as (K), the value of a million abbreviated as (M), and the value of a billion abbreviated as (B). Yet, often in finance and accounting, we find that this abbreviation deviates from the cultural norm that permeates most industries.

How to Convert Millimeter to Centimeter

Review a few examples of sentences that feature common abbreviations for billion. Review a few examples of sentences that feature common abbreviations for million. You can use any of the above abbreviations for thousand options when referring to thousands in writing.

List & Abbreviations for Months: List of Months and Abbreviations

This practice was across the board – exam reports, internal reporting, and so on. Traditionally, M is used as the symbol for thousands and MM for millions in the business world, particularly in accounting. However, there has been a growing tendency to use K as the symbol for thousands instead of M. For example, within financial statements, the industry-standard abbreviation is M for a thousand, while in everyday life, the abbreviation of K for a thousand is usually the acceptable one. Therefore, discretion must be applied within every situation to accurately implement the acceptable abbreviation or comprehend the abbreviation you are reviewing.

For instance, if a company reports a revenue of $50 MM for the year 2022, it means that the company earned a total of $50 million for that year. Similarly, if an investor purchases 1 MM shares of a company’s stock, this indicates that the investor has acquired 1 million shares of the company’s stock. 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. A one-stop shop for 40mm systems, Rheinmetall is one of the world’s leading suppliers of ammunition, weapon systems and fire control and aiming technology. Rheinmetall’s 40 mm x 53 high-velocity ammunition can be fired from any standard 40mm automatic grenade launcher. The rounds attain a maximum velocity of more than 240 m/s and have a maximum effective range of 2,200 metres.

Developed and qualified in accordance with the latest standards, the ammunition types now on order are unequalled worldwide in terms of combat effectiveness and precision. Get our all-in-one calculator app to use this number converter offline. Find out how many seconds are equal to an amount of time in hours using our hours to seconds converter. Byte conversion allows for quick conversion between digital information units. Now, if you want some more excitement, you can use our million to billion converter and convert your half a million to billions.

Some abbreviations for million options may surprise you, as is also true for some of the other large number abbreviations. A. You’ve identified two commonly used conventions in finance, one derived from Greek and the other from Latin, but neither one is standard. A small-scale clothes manufacturing company, Weavers & Co., records the following data in its income statement.

The Roman numerals MM are 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 https://turbo-tax.org/ in millions. Please provide values below to convert meter [m] to millimeter [mm], or vice versa. We also have a million to thousand converter, which can surely come in handy for millions conversions.

In this article, we will teach you how to abbreviate the word and how to use the abbreviation for “million.” Let’s first understand what million means. “M” is the official abbreviation used whenever a million units of something are requested. Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can convert numbers between million and billion. So, now, after gathering all the knowledge about converting a number to millions or vice versa, let’s consider a practical example.