Lets say you are responsible for sales of 100s of products (which belong to handful of categories). You are looking at sales of each product in last month & this month. And you want to understand whether sales are improving or declining by category. How would you do it?
Turns out, this is not a difficult problem. In fact, this question is asked every day & answered using Advances vs. Declines chart.
You may have seen this chart in financial newspapers or websites. Shown below, Advances vs. Declines chart tells us how many items have advanced & how many have declined.
When should you use Advances vs. Declines chart?
As you can see, advances vs. declines chart does not give low level details about actual movement of values. Instead, it gives you a sense of what is going on. Use it in below situations:
- To get a feel of how values have changed over time.
- When you are dealing with data that constantly changes (sales, number of customers, defects etc.)
Create Advances vs. Declines chart in Excel
You can easily create this chart in Excel from raw data. Just follow below tutorial.
Step 1: Get the data & arrange it
You need at least 4 columns of data – item, category, previous value, current value
Once we have these, calculate % change in 5th column. Arrange data like below:
Step 2: Calculate Category-wise summaries
First list all unique categories in a column. Then using COUNTIFS formula, calculate the number of products declining & advancing.
The formula to count number of products going down by more than 10% is,
=COUNTIFS(Sales[category], Category name, Sales[% change], “<10%”)
[Related: Introduction to Excel SUMIFS / COUNTIFS Formulas]
Step 3: Calculate % break-ups for the chart
Once all the numbers are calculated, you can easily calculate the % split.
NOTE: Make sure you negate the % values for declines. This will ensure that our chart shows stacked bars on both sides of axis.
Step 4: Create a stacked bar chart from this data
Once all the numbers are in place, just select them and create a stacked bar chart. Your output should look like below:
Step 5: Adjust chart series order if needed
You may notice that, our stacked chart bars are not in correct order. Excel would have plotted <10% and >10% series before <0% and >0% series. To fix this:
- Right click on the chart
- Go to Select Data
- Now, select the series area
- Using up / down buttons adjust the order of series
- Done!
See this demo to understand:
Step 6: Adjust the colors & format the chart
Unleash your creativity and format the chart as you see fit. Make sure you add legend (otherwise the chart becomes very difficult to read).
And you are done!
Download Advances vs. Declines chart template
Click here to download the chart template. Examine the formulas & chart settings to understand this better.
Do you use Advances vs. Declines chart?
I use variations of this chart often in my dashboards & reports. These charts are very concise and present a lot of information about distribution of changes.
What about you? Do you use advances vs. declines charts? How do you create them? Share your experiences & techniques using comments.
Looking to advance your charting knowledge?
If you want to one up your Excel awesomeness quotient & create kick-ass charts, then you are at the right place. Check out below tutorials & see how deep the rabbit hole goes:
- Visualizing tax changes over time using Excel
- Index Charts – to understand change over time
- Use Box plots to understand distribution of values
- Visualize monthly changes using Pivot Tables + Conditional formatting
Recommended: If all these sound exciting, you will incredibly benefit from our Excel School program, where we teach advanced charting & data analysis skills. Click here to know more & join us.
17 Responses to “Custom Number Formats – Colors”
You are right, Chandoo. I was playing with the colour numbers last week and some of them don't appear different from each other. Others are totally different from yours.
@Duncan
Each version of Excel, post 2003, renders colors slightly differently
Different language versions may also have different default color palettes
Hello in french
excel 2010
colo1 = couleur1 = black
[couleur1]; [couleur2]; etc..
@Hui, thank you very much again for this great post.
However - under Excel 2007, Hungarian version your solution does not work with color names. I've tried both English and Hungarian names, but drops an error message "not valid formats"
Do you have any idea how to solve this issue?
thanks in advance
@Andras
Without a Hungarian version of Excel 2003 I don't think I can assist
Have you tried using the colour numbers? I couldn't get the names to work (despite using an english version of excel). but it did work with the numbers though. I left out the "u" and was easily able to produce burgundy using [color9]
Here a possible solution: find an English version of Excel, write there the formats using English names, then open the file in the Hungarian version and see the translation.
In Excel 2007 I can't get the colour names to work e.g Sea Green but the numbers do e.g color3 - colour3 does not work so I must bow to the country that has stolen my language (ha ha!)
Hey chandoo, nice Tip!
Wouldn't be easier just apply some conditional formatting for negative numbers and another for positive numbers? Or there's some cases that you can't do that?
Unfortunately the TEXT function doesn't color the cell as number formatting does.
Hi Hui,
Great post Sir, love the new way of formatting with color numbers.
I am using 2007, and it leads me to the last color number 56.
Thanks Hui.
[…] explains how to set up custom number formats with a wide array of […]
Thanks Hui - works a treat!
Thank you, very helpful.
Trying to figure out if it is possible to apply color only to a part of the cell?
E.g. I have a value formatted as Accounting with a currency symbol.
Those I find somewhat distracting though necessary. If I could make them less obtrusive by coloring them gray while the number would stay black, that would be great. Tried tinkering with the format string, but didn't get the desired result. Single color for complete cell value works, but coloring just part of it could not be achieved. Maybe somebody managed that?
Exactly what I was looking for - thank you!
colour in the Australian doesn't work - we have to go American and no problem.
I always thought is was 56 colours notice you have 57. Cool.
thanks
Analir Pisani
Customised Microsoft Office Training Specialist
Sydney - Australia
http://www.azsolutions.com.au
Thank You!