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Revision as of 19:45, 11 February 2009
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Year-To-Date is a period starting January 1 or July 1 (depending on the country) of the current year and ending today. Year-to-date is used in many contexts, mainly for recording results of an activity in the time between a date (exclusive, since this day may not yet be "complete") and the beginning of either the calendar or fiscal year.
In the context of finance, YTD is often provided in financial statements detailing the performance of a business entity. Providing current YTD results, as well as YTD results for one or more past years as of the same date, allows owners, managers, investors, and other stakeholders to compare the company's current performance to that of past periods.
YTD describes the return so far this year. For example: the year to date (ytd) return for the stock is 8%. This means from 1st of January of current year to date, stock has appreciated by 8%.
Another example: the year to date (ytd) rental income of a property (whose Fiscal Year End is 3/31/09) is $1000.00 as of 06/30/08. This means that the property brought in $1000.00 of rental income during the period 04/01/08 through 06/30/08 (= the ytd period for the property).
Comparing YTD measures can be misleading if not much of the year has occurred, or the date is not clear. YTD measures are more sensitive to early changes than late changes. Contrast YTD with the concept of 12-months-ending (or Year-ending), which are more resistant to seasonal influences.
Example: If you want ot calculate Year-To-Date Invoicing for a company, you would add the invoice totals for each previos month of the current year and then add the total invoices for the current month up through the time that the report is created.
Example: YTD Invoicing report for March 3rd
January Invoices---- $ 30,000
February Invoices---- 45,000
March Invoices ------ 5,000
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YTD Invoices 80,000
See also
- Quarter-To-Date (QTD)
- Month-To-Date (MTD)
- Year-ending
- Moving Annual Total (MAT)
External links
 | This business term article is a stub. You can help Wikipedia by expanding it. |
 | This accounting-related article is a stub. You can help Wikipedia by expanding it. |
--74.11.188.58 (talk) 19:45, 11 February 2009 (UTC)