Last twelve months (LTM), also commonly designated as trailing twelve months(TTM), indicates the timeframe of the immediately preceding 12 months. It is often used in reference to a financial metric used to evaluate a company's performance, such as revenues or debt to equity (D/E). Although a 12-month period is a relatively short time span for examining company performance, it is considered useful because it indicates a company's most recent performance, and is indicative of the company's current state. In reviewing figures shown as last twelve months or trailing twelve months, investors should not assume the figures necessarily coincide with a company's most recent fiscal year.
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