What is the Excel round down function?
When performing financial analysis in ExcelExcel ResourcesLearn Excel online with 100's of free Excel tutorials, resources, guides & cheat sheets! CFI's resources are the best way to learn Excel on your own terms. 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. and improve your accuracy in Excel.
How the Excel round down 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 Excel round down function in action.
Click here to download the Excel template.
![Excel Round Down Function]()
More relevant Excel resources
Thank you for reading CFI’s guide to the Excel Round Down function. 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.
To become an Excel power user please check out our Excel ResourcesExcel ResourcesLearn Excel online with 100's of free Excel tutorials, resources, guides & cheat sheets! CFI's resources are the best way to learn Excel on your own terms. to learn all the most important functions, formulas, shortcuts, tips, and tricks.
- Roundup ExcelROUNDUP ExcelExcel ROUNDUP - a step by step guide on how to round up a number in Excel for financial analysts. Examples of how to use the formula for rounding in Excel. For anyone who performs financial analysis in Excel it can frequently be important to round a number to a specific decimal place or to a whole number.
- Autosum formula in ExcelAutosumThe autosum Excel formula is a shortcut that can save time in financial modeling in Excel. Type "ALT=" to quickly sum all numbers in a series of data. This allows you to easily add up a series of numbers either vertically or horizontally without having to use the mouse or even the arrow keys
- NPV formulaNPV FormulaA guide to the NPV formula in Excel when performing financial analysis. It's important to understand exactly how the NPV formula works in Excel and the math behind it. NPV = F / [ (1 + r)^n ] where, PV = Present Value, F = Future payment (cash flow), r = Discount rate, n = the number of periods in the future
- XIRR in ExcelXIRR vs IRRWhy use XIRR vs IRR. XIRR assigns specific dates to each individual cash flow making it more accurate than IRR when building a financial model in Excel.
- IF ANDIF Statement Between Two NumbersDownload this free template for an IF statement between two numbers in Excel. In this tutorial, we show you step-by-step how to calculate IF with AND statement.
- All Excel articlesKnowledgeCFI self-study guides are a great way to improve technical knowledge of finance, accounting, financial modeling, valuation, trading, economics, and more.
