What is YTD (Year to Date)? –
Introduction 👋
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”.
Where is YTD used? 🤷♀️
YTD 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 “YTD” statistics in their financial reports, to show how well they have performed in a year.
When someone tells you about their “YTD” performance, you should always check how far into the year they actually are.
If someone tells you that “YTD” they’ve made £500 on the 2nd January, that might be quite impressive.
But what if they tell you that “YTD” they’ve made £500 on the 2nd December?
How impressive the numbers are, depends on what date of the year they’re in.
What about MTD? 📆
YTD has an opposite called MTD (month to date).
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”.
YTD figures are often compared against MTD figures for reporting business success.
Conclusion 👍
So that’s it!
YTD is another way of saying “So far this year”.
Hopefully you’re feeling more confident about office jargon!
If you know any friends or family members who might benefit from learning about YTD, share this post with them!
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