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The Corporate Finance Institute ExcelSUMIFFind the absolute value of a numberrange criteria sum_rangeWhat is the SUMIF Function?The SUMIF function is categorized under Math and Trigonometry functions. Itwill sum up cells that meet the given criteria. The criteria are based on dates,numbers, and text. It supports logical operators such as (>, <, <>, =) and alsowildcards (*, ?). This guide to the SumIf Excel function will show you how to useit, step-by-step.As a financial analyst, SUMIF is a frequently used function. Suppose we aregiven 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 SUMIFfunction to find out the sum of the amount related to a particular vegetablefrom 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 applythe criteria against.2. Criteria (required argument) – It is the criteria which are used todetermine 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, orlogical 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 cellscontaining numeric values) that are to be added together if thecorresponding range entry satisfies the supplied criteria. If the [sum_range]argument is omitted, the values from the range argument are summedinstead.How to use the SUMIF Excel FunctionTo understand the uses of the SUMIF function, let us consider a few examples:corporatefinanceinstitute.com162
The Corporate Finance Institute ExcelExample 1Suppose we are given the following data:We wish to find total sales for the East region and the total sales for February.The formula to use to get the total sales for East is:corporatefinanceinstitute.com163
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