What it is:
YTD is short for year to date, which refers to the period extending from the beginning of the year to the present. In business, that the beginning of the year is not always January 1; many companies have fiscal years beginning at other times.
How it works/Example:
Why it matters:
YTD information is useful in looking for trends or measuring performance against goals.
Comparing YTD information among companies with different fiscal-year start dates can distort an analysis: the time included may vary and seasonal may become skewed. It is also important to remember that the extra day in leap years may distort year-to-date comparisons.