It is possible to run escalation to rollover annual YTD for Inventory items.
Below is a screen shots to test that the escalation works for just one item. Once it works correctly, Maximo administrator can set the condition to 1=1 to update all the item records
Screen shots of the actions in the action group:
NOTE: Run As User in the Escalation Cron should be MAXADMIN user with access to all the sites