CFI-Excel-eBook

The Corporate Finance Institute Excel
SUMIF
Find the absolute value of a number
range criteria sum_range
What is the SUMIF Function?
The SUMIF function is categorized under Math and Trigonometry functions. It
will sum up cells that meet the given criteria. The criteria are based on dates,
numbers, and text. It supports logical operators such as (>, <, <>, =) and also
wildcards (*, ?). This guide to the SumIf Excel function will show you how to use
it, step-by-step.
As a financial analyst, SUMIF is a frequently used function. Suppose we are
given a table listing the consignments of vegetables from different suppliers.
The names of the vegetable, names of suppliers and quantity are in column A,
column B, and column C, respectively. In such scenario, we can use the SUMIF
function to find out the sum of the amount related to a particular vegetable
from a specific supplier.
Formula
=SUMIF(range, criteria, [sum_range])
The formula uses the following arguments:
1. Range (required argument) – It is the range of cells that we want to apply
the criteria against.
2. Criteria (required argument) – It is the criteria which are used to
determine which cells need to be added.
When we provide the criteria argument, it can either be:
• A numeric value (which may be an integer, decimal, date, time, or
logical value) (e.g. 10, 01/01/2018, TRUE) or
• A text string (e.g. “Text”, “Thursday”) or
• An expression (e.g. “>12”, “<>0”).
3. Sum_range (optional argument) – It is an array of numeric values (or cells
containing numeric values) that are to be added together if the
corresponding range entry satisfies the supplied criteria. If the [sum_range]
argument is omitted, the values from the range argument are summed
instead.
How to use the SUMIF Excel Function
To understand the uses of the SUMIF function, let us consider a few examples:
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