Year-to-date - What is the difference between YTD and YOY?

Q: What is the difference between YTD and YOY?

For example, the key difference between YOY and YTD is that YTD helps calculate growth from the beginning of the year, calendar or fiscal, until the present date. On the other hand, YOY calculations can start from a specific date. They also compare the numbers with those from the year earlier.

Answer

For instance, if you want to know how much money has grown from the start of the year (whether fiscal or calendar) all the way up to the current date, you should use YTD rather than YOY. But year-over-year computations can begin on any given day. They also look at how the figures compare to last year.

Year-to-date - What is the difference between YTD and YOY?

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