What is the Excel round down function?
When performing financial analysis in ExcelExcel ResourcesExcel round down is a function to round numbers. This step by step guide on how to round down a number in Excel is useful for financial analysts. it’s often useful to round down a number to either a decimal place or a whole number. Thankfully, with the Excel round down function, this task is quite easy, even for a large dataset.
In this tutorial, we will show you how to round a number down in Excel using the =ROUNDDOWN() formula.
This function will save you time when building a financial modelWhat is Financial ModelingFinancial modeling is performed in Excel to forecast a company's financial performance. Overview of what is financial modeling, how & why to build a model. A 3 statement model links income statement, balance sheet, and cash flow statement. More advanced types of financial models are built for valuation, plannnig, and and improve your accuracy in Excel.
How the formula works
The round down formula in Excel requires you to reference a number and then specify how many units (decimal places) you want to round it to.
=ROUNDDOWN()
In the example below, we have shown you how to create a table that uses the formula to link to one number and then return a certain number of decimal places.
Step 1: type “=ROUNDDOWN(“
Step 2: link to the cell you want to round down and add a comma
Step 3: type the number of units, or link to a cell that contains the number of units you want to display
Step 4: close bracket and press enter.
In the screenshot below you will see an example of the “rounddown” function in action.
Click here to download the Excel template.
More relevant Excel resources
Excel is an important part of any financial analyst’s job and critical for performing world-class financial analysis. CFI’s mission is to help you along your path and advance your career as quickly as possible by giving you the tools and training you need to perform great financial analysis.
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