What is MTD (Month To Date)? –
Introduction 👋
Month to date (MTD) refers to the time between the first day of the month up to the current date.
It’s another way of saying “So far this month“. E.g. “So far this month/month to date we have made lots of money”.
Where is MTD used? 🤷♀️
MTD can be used in any context to show your progress, but it is most commonly associated with businesses, finance and banking.
You may find businesses putting “MTD” statistics in their financial reports, to show how well they have performed in a month.
When someone tells you about their “MTD” performance, you should always check how far into the month they actually are.
If someone tells you that “MTD” they’ve made £500 on the 2nd January, that might be quite impressive.
But what if they tell you that “MTD” they’ve made £500 on the 31st January?
How impressive the numbers are, depends on what date of the month they’re in.
What about YTD? 📆
MTD has an opposite called YTD (year to date).
Year to date (YTD) refers to the time between the first day of the year up to the current date.
It’s another way of saying “So far this year“. E.g. “So far this year/year to date we have made lots of money”.
MTD figures are often compared against YTD figures for reporting business success.
Conclusion 👍
So that’s it!
Hopefully you’re feeling more confident about what MTD means.
If you know any friends or family members who might benefit from learning about what MTD means, share this post with them!
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