Year-To-Date
Encyclopedia
Year-to-date is a period, starting from the beginning of the current year, and continuing up to the present day. The year usually starts on January 1 (calendar year), but depending on purpose, can start also on July 1, April 1 (UK corporation tax and government financial statements), and April 6 (UK fiscal year for personal tax and benefits). 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 statement
s 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, investor
s, and other stakeholders to compare the company's current performance to that of past periods. Employees' income tax may be based on total earnings in the tax year to date.
YTD describes the return so far this year. For example: the year to date (ytd) return for the stock is 8%. This means from January 1st of the 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: to calculate Year-To-Date Invoicing for a company, invoice totals for each previous month of the current year are added to total invoices for the current month to date.
If an employee is taxed based on pay during the year to date, the total tax due as of the end of week 33 of the tax year is calculated on total pay from the beginning of week 1 until the end of week 33; tax payable for that week will be this total tax minus tax already paid.
Calendar year
Generally speaking, a calendar year begins on the New Year's Day of the given calendar system and ends on the day before the following New Year's Day. By convention, a calendar year consists of a natural number of days. To reconcile the calendar year with an astronomical cycle , certain years...
or fiscal year.
In the context of finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, YTD is often provided in financial statement
Financial statement
A financial statement is a formal record of the financial activities of a business, person, or other entity. In British English—including United Kingdom company law—a financial statement is often referred to as an account, although the term financial statement is also used, particularly by...
s 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, investor
Investor
An investor is a party that makes an investment into one or more categories of assets --- equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc...
s, and other stakeholders to compare the company's current performance to that of past periods. Employees' income tax may be based on total earnings in the tax year to date.
YTD describes the return so far this year. For example: the year to date (ytd) return for the stock is 8%. This means from January 1st of the 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 $1000.00 of rental income during the period 04/01/08 through 06/30/08 (= the ytd period for the property).
Comparing YTD measures can be misleading if not much of the year has occurred, or the date is not clear. YTD measures are more sensitive to early changes than late changes. Contrast YTD with the concept of 12-months-ending (or Year-ending
Year-ending
Year-Ending is a 12 month period used for financial and other seasonal reporting.In the context of finance, "Year-ending" is often provided in monthly financial statements detailing the performance of a business entity...
), which are more resistant to seasonal influences.
Example: to calculate Year-To-Date Invoicing for a company, invoice totals for each previous month of the current year are added to total invoices for the current month to date.
Example: YTD Invoicing report for May 3rd
January Invoices-----$ 35,000
February Invoices---- 40,000
March Invoices------- 25,000
April Invoices------- 45,000
May Invoices--------- 5,000
_______
YTD Invoices 150,000
Alternate method:
1st Quarter Invoices-----$ 100,000
April Invoices----------- 45,000
May Invoices------------- 5,000
_______
YTD Invoices 150,000
If an employee is taxed based on pay during the year to date, the total tax due as of the end of week 33 of the tax year is calculated on total pay from the beginning of week 1 until the end of week 33; tax payable for that week will be this total tax minus tax already paid.
See also
- Quarter-To-DateQuarter-to-dateQuarter-to-date is a period starting at the beginning of the current quarter and ending at the current date. Quarter-to-date is used in many contexts, mainly for recording results of an activity in the time between a date and the beginning of either the calendar or fiscal quarter.In the context...
(QTD) - Month-To-DateMonth-to-dateMonth-to-date is a period starting at the beginning of the current month and ending at the current date. Month-to-date is used in many contexts, mainly for recording results of an activity in the time between a date and the beginning of the current month.In the context of finance, MTD is often...
(MTD) - Year-endingYear-endingYear-Ending is a 12 month period used for financial and other seasonal reporting.In the context of finance, "Year-ending" is often provided in monthly financial statements detailing the performance of a business entity...
- Moving Annual Total (MAT)