What is the HOUR Function? The HOUR Function is categorized under Excel DATE/TIME functions. The function returns the hour component of a time as a number between 0-23. For example, it will return 13 for 1:49 PM. Formula =HOUR(serial_number) This function uses only one argument: Serial_number (required argument) – The time that contains the hour…
What is the NOW Function? The NOW Function is categorized under Excel DATE/TIME functions. The function returns the current date and time. In financial analysis, the NOW function can be useful in preparing various KPI reports. We can use it to display the current date and time, as it will continually update each time the…
What is the PPMT Function? The PPMT Function is categorized under Excel Financial functions. The function will calculate the payment on the principal for a loan or an investment based on periodic, constant payments and a fixed interest rate for a given period of time. In financial analysis, the PPMT function is useful in understanding…
What is the MID Function? The MID Function is categorized under Excel TEXT functions. The function will return a specified number of characters from the middle of a given text string. While doing financial analysis, the MID function can be useful if we wish to extract characters from the middle of a specific text. Generally,…
What is the RIGHT Function? The RIGHT Function is categorized under Excel TEXT functions. The function will return a specified number of characters from the end of a given text string. In doing financial analysis, the RIGHT function can be useful if we wish to extract characters from the right side of a text string….
The LEFT function in Excel extracts a specified number of characters from the beginning of a text string. It is useful for manipulating text data and can be combined with other functions like VALUE, SUM, and DATE for enhanced utility. The syntax is =LEFT(text, [num_chars]), where num_chars specifies the number of characters to return. The…
What is the FIND Function? The FIND Function is categorized under Excel TEXT functions. The function will return the position of a specified character or sub-string within a supplied text string. In financial analysis, we can use this function to locate specific data. FIND Function Formula =FIND(find_text, within_text, [start_num]) The FIND function uses the following…
The OR function in Excel checks if any given conditions are TRUE. It is used for logical tests and can handle up to 255 conditions. The function’s syntax is =OR(logical1, [logical2], …). It is often combined with other functions like IF and AND for complex decision-making processes. It is useful in financial analysis, such as…
The REPLACE function in Excel replaces part of a text string with a different text string, useful for modifying variable text data. Its syntax is =REPLACE(old_text, start_num, num_chars, new_text). The function is particularly helpful in financial analysis to clean and adjust text data. It addresses errors such as negative or non-numeric arguments. To ensure proper…
What is the PERMUT Function? The PERMUT Function is categorized under Excel FINANCIAL functions. The function will calculate the number of permutations of a specified number of objects from a given set of objects. In financial analysis, PERMUT can be useful in calculating different possible permutations. So, it will help in rationally evaluating situations and making…
