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ODD Function

Rounds a specified number away from zero to the next odd number

What is the ODD Function?

The ODD function is classified as a Math and Trigonometry function. It will round a specified number away from zero to the next odd number. The function will round a positive number up and a negative number down.

As a financial analyst, EVEN is a very useful function, as it helps round a number and make it an even number. It eliminates the least significant digits, simplifying the notation but keeping close to the original value. The function was introduced in MS Excel 2000.

 

Formula

=ODD(number)

 

The ODD function uses the following argument:

  1. Number (required argument) – It is the value that we wish to round to the nearest odd number.

 

How to use the ODD Function in Excel?

To understand the uses of the ODD function, let’s consider an example:

 

Example 1

Suppose we are given the following data:

 

ITEMSFORMULA USEDREMARKS
1.5 =ODD(B5)3
2.56 =ODD(B6)3
0.05 =ODD(B7)1
-2.1 =ODD(B8)-3
23.2 =ODD(B9)25
-23.2 =ODD(B10)-25

 

We get the results below:

 

ODD Function 

 

Things to remember about the ODD Function 

  1. #VALUE! error – Occurs when the supplied number argument is not recognized as a numeric value by MS Excel.
  2. As the ODD function always rounds numbers up, which is away from zero, a positive number will become larger and negative number will actually become a smaller number that is more negative.
  3. The function will always skip even integers.

 

Click here to download the sample Excel file

 

Additional resources

Thanks for reading CFI’s guide to important Excel functions! By taking the time to learn and master these functions, you’ll significantly speed up your financial analysis. To learn more, check out these additional resources:

  • Excel Functions for Finance
  • Advanced Excel Formulas Course
  • Advanced Excel Formulas You Must Know
  • Excel Shortcuts for PC and Mac

Free Excel Tutorial

To master the art of Excel, check out CFI’s FREE Excel Crash Course, which teaches you how to become an Excel power user.  Learn the most important formulas, functions, and shortcuts to become confident in your financial analysis.

 

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