Today, let’s travel in time. Pack your photon ray guns, extra underwear, buckle your seat belts and open Excel!
Of course, we are not going to travel in time. (Come to think of it, we are going to travel in time. By the time you finish reading this, you would have traveled a few minutes)
We are going to learn how to travel in time when using Excel. In simple terms, you are going to learn how to move forward or backward in time using Excel formulas.
So are you ready to hit the warp speed? Let’s beam up our Excel time machine.
Tip 0 – Date & Time are an illusion
Most important tip for Excel time travelers is to understand that Excel dates & times are just numbers. So when you see a date like 17-October-2013 in a cell, you can safely assume that it is a number disguised to look like 17th of October, 2013. To see the number behind this, just select the cell and format it as number (from Home ribbon).
Now that you understood this concept, let’s jump in to the 42 tips. All these tips assume a date or time value is in the cell A1.
Staying at present:
- To have latest star date in a cell, just press CTRL+; (of course, in Excel world, star date is nothing but whatever date your computer shows)
- To have current time in a cell, just press CTRL+:
- Of course, we time travelers are lazy. So pressing CTRL+; every day or CTRL+: every second is not cool. That is why you can use =TODAY() in a cell to get today’s date. It will automatically change when you re-open the file tomorrow.
- Likewise, use =NOW() to get current date & time in a cell. Remember, although time changes every second, you will not see the cell updated unless the formula is somehow re-calculated. This is done by,
- Pressing F9
- Saving / re-opening the file
- Making any changes to any cell (like typing a value, changing a value)
- Editing the formula cell and pressing Enter
- To check if today is after or before the date in cell A1, you can use =TODAY() > A1. This will be TRUE if A1 has a past date and FALSE if A1 has a future date.
- To know how many days are there between TODAY and the date in A1, use =TODAY() – A1. This will be a negative number if A1 is a future date. To see just the number of days (without negative sign), you can use =ABS(TODAY()-A1)
- To know how many hours are left between the time in A1 and current time, use =(NOW()-A1)*24.
- While the above formula works, it shows hours and fraction. To just see hours and minutes left, you can use =TEXT((NOW()-A1), “[hh]:mm”). Note: This formula works only when A1 < NOW().
- To know how many weeks are left between TODAY() date and a future date in A1, use =(TODAY() –
A1)/7 - To know how many months are left between TODAY() and date in A1, use = DATEDIF(TODAY(), A1, “m”).
Related: How to use DATEDIF function. - To know which month is running, use =MONTH(TODAY())
- To see the month name instead of number, use =TEXT(TODAY(), “MMMM”). This shows the month’s name in your Excel language.
- To know which year is running, use =YEAR(TODAY())
- To see the last 2 digits of the year, you can use =RIGHT(YEAR(TODAY()), 2)
- To find the day of week for TODAY, use =WEEKDAY(TODAY()). This will give a number (1 to 7, 1 for Sunday, 7 for Saturday).
- To see the weekday name instead of number, use =TEXT(TODAY(), “DDDD”).
- To see today’s date alone, use =DAY(TODAY())
- To know if the present year is a leap year or not, see this.
Going back in time
- To go back by 6 days from the date in A1, use =A1-6
- To go back to last Friday use =A1-WEEKDAY(A1, 16). This works in Excel 2010, 2013. If your time machine is old (ie you have Excel 2003 or earlier versions), you can use =A1-CHOOSE(WEEKDAY(A1), 2,3,4,5,6,7,1)
- To go back by 5 weeks, use =A1-5*7
- To go back to start of the month, use =DATE(YEAR(A1), MONTH(A1),1)
- To go back to end of previous month, use = DATE(YEAR(A1), MONTH(A1),1) – 1
- Or use =EOMONTH(A1,-1)
- To go back by 2 months, use =EDATE(A1, -2)
- To go back by 27 working days, use =WORKDAY(A1, -27). This assumes, Monday to Friday as working days.
- To go back by 27 working days, assuming you follow Monday to Friday work week and a set of extra holidays, use =WORKDAY(A1, -27, LIST_OF_HOLIDAYS)
- To go back by 7 quarters, use =EDATE(A1, -7 * 3)
- To go back to the start of the year, =DATE(YEAR(A1), 1,1)
- To go back to same date last year, = DATE(YEAR(A1)-1, MONTH(A1), DAY(A1))
- To go back a decade, =DATE(YEAR(A1)-10, MONTH(A1), DAY(A1))
Going forward in time
We, time travelers are smart people. Once you know that turning the knob backwards takes you to past, you know how to go to future. So I am giving very few examples for going forward in time.
- To go to the 17th working day from date A1, assuming you use Sunday to Thursday workweek, use =WORKDAY.INTL(A1,17,7). This formula works in Excel 2010 or above.
- To go to next hour, use=A1+1/24
- To go to next day morning 9AM, use =INT(A1+1) + 9/24
- To go to 18th of next month, use =DATE(YEAR(A1), MONTH(A1)+1, 18)
- To go to end of the current quarter for date in A1, use =DATE(YEAR(A1), CHOOSE(MONTH(A1), 4,4,4,7,7,7,10,10,10,13,13,13),1)-1
- To go to a future date that is 4 years, 6 months, 7 days away from A1, use =DATE(YEAR(A1)+4, MONTH(A1)+6, DAY(A1)+7)
Finding the amount of time traveled
- To know how many days are between 2 dates (in A1 & A2), use =A1-A2
- To know how many working days are between 2 dates, use =NETWORKDAYS(A1, A2) (remember: A1 should be less than A2).
Fixes for common time travel hiccups
- If you see ###### instead of a date in a cell, try making the column wider. If you still see ######, that means the date value is not understandable by Excel (negative numbers, dates prior to 1st of January 1900 etc.)
- Often when pasting date values in to Excel, you notice that they are not treated as dates. Use these techniques to fix.
- If you pass in-correct values or use wrong parameters, your date formulas show an error like #NUM or #VALUE. Read this to understand how to fix such errors.
Quiz time for time travelers
I see that you safely made it here. I hope you had a good journey. Let me see how good your time traveling is. Answer these questions:
- Write a formula to take date in A1 to next month’s first Monday.
- Given a date in A1, find out the closest Christmas date to it.
Building your own time machine? Check out these tips too
If you work with date & time values often, then learning about them certainly pays off. Read below articles to one up your time travel awesomeness.
- Using Date & Time in Excel
- How to calculate common holiday dates in Excel?
- How to calculate payroll dates?
- How to sort a bunch of birth dates by birthday?
- Check if two dates are in same month
Good luck time traveling. I will see you again in future 🙂
PS: Make sure you attempt the challenges and post your answers in comments.
36 Responses to “Visualizing Financial Metrics – 30 Alternatives”
Although I am one of the contestants, I must wholeheartedly admit that the Dashboard of Chandeep is the best of all. It's design, colors, message-conveying is the greatest. My regards!
I would like to learn how Chandeep highlighted the graph when he made a selection on the slicer.
Any links to previous posts perhaps where this was covered by Chandoo?
Thank You
Ahmad
Dashboard from Abhay simply rocks. To the point and conveys the intended message even for a novice.
Infographic by Pinank - is looking good
I have also contributed to this contest. I am really inspired by various entries in above post. Based on following parameters i would like to rate these:
1. Explanatory - Whether dashboard will be used to explain certain thing or mention a story. This type of dashboard will be static.
2. Exploratory - Here user would like to interact more with the dashboard to extract the relevant story or meaning which is not apparent. Hence, this type dashboard needs to have more interactivity.
3. Scalability - If new or more data can be added to dashboard and still the functionality will work. If user wants to add more companies, years, etc. will it work.
Based on above criteria I would rate following entries as top ones:
1. Explanatory - by Pinank
2. Exploratory - by Chandeep
3. Scalability - In most of the entries additional work would be required to include more data except for mine. new years or companies can be easily added and analysed in chart by me.
These entries are really inspiring i will definitely use it to revise my dashboard.
Abhay's dashboard is good however, if Chandeep can go with the trend analysis Abhay has done (line graphs), then maybe Chandeep's dashboard can excel.
And now I'm angry that I haven't noticed contest announcement earlier and I've sent what I've sent... Building a dashoboard was supposed to be my goal but lack of time forced me to sent sth simplier and now I can see how big mistake it was (when it comes to fighting a competition like this). Nice work guys! It's realy inspiring! Even less advanced works are intresting because of different task approach. So wance again: thanks 🙂
If I had to choose the best ones (IMHO) I would go for William and Edouard as a second place (for both). Despite some weak sides (like label errors or "work place" next to a final chart) they meet my sense of clear data visualisation and contain intresting interactive elements.
The best entry is definitly Chandeep's. Although there was some failing with automatical comenting feature (#arg! in my Excel'10) it's full of advanced dashboarding tricks which makes it easy to read. Furthermore, as one of the few he finished(?) his project - it opens in a "secured mode", with no place to mess anything, no data trash - just choose, point and read/print.
It all deserves to get the Grand Prize!
and BTW: when can we expect another contest? 🙂
Big round of applause to everyone who participated. I'm amazed at the creativity of our community. 🙂
My vote would be for Chandeep, MF Wong, and Miguel.
I have not contributed, but have read this post with a lot of interest. I would like to congratulate all participants for there work & inventiveness.
My #1 spot goes to Gerald for showing all the data in 1 graph & to have still kept it simple & readable.
I would give a prize for innovation to Pinank for the use of icons.
Great to see so much creativity.
I have not contributed also, but have wait his post for a long time (because I have the same kind of issue in my "daily life").
My top 3 is the following :
- Pinank for the effeiciency and for the style
- Arnaud for the calculation behind the chart
- Miguel for the elegant business oriented dashboard
All the entries look very good. However I feel Pinanks entry seems the best as it is very explanatory with good innovative thoughts.
Hi all,
Some brilliant dashboard and interactive entries - really nice stuff and lots of clever tricks.
However, given that the initial question was "Need to quickly visualize 3 variables ( Company, years, Financials) in a single […] chart", unfortunately I don't think any dashboards - as cool as they are - really answer that question. The interactives also assume that this will be opened in Excel rather than seen in a printed hand-out, which essentially means you'd need multiple charts to show all the variables or be limited to a computer screen. Even Chandoo's initial panel chart approach - which is static, and also very simple and clean - is not really a 'single chart'. Furthermore, most of the interactives don't actually show all variables at once but rather slice the data into more manageable chunks, which is not staying true to the original brief.
So, in light of the above, I'd vote for Gerald in first place, Edwin in second and finally my third chart option in third place (yes, I know, voting for yourself is poor form but unfortunately I think the original question disqualifies most of the entries).
Anyway, a fun competition and thanks for following up on this Chandoo.
I am once again in awe of the submittals to a Chandoo contest. The results are so impressive. I have been trying to build nice dashboards for years and take so many courses, but I don't seem to have the eye for design. The color choices, fonts and chart choices are so important and I'm amazed at how some people really have a great talent for making the best selections.
It's nice to have such quality inspiration!
I saw Chandeep's entry on his website and I must say that I was very impressed by it. Simply loved it. Somewhat makes it difficult to keep an open mind towards the other entries.
My ranking:
1. Chandeep for its completeness as dashboard.
2. MF Wong/Miguel for "simple" but smart graphs.
3. Pinank's entry looks like a page from a glossy magazine.
During scrolling I stopped at Chirayu's entry: easy to the eye.
But honestly congrats too all for having the balls to participate and thank you for sharing your creativity!! Hat's off to you.
Miguel, MF Wong, and Pinank.
Thanks to Chandoo and everyone who contributed for the great ideas.
Hi,
I personally liked the dashboard of:
1. Chandeep - His dashboard is clear, crisp and informative, his color combination and design is awesome, also he has shared few details like operating leverage plus he has added few comments. In totality, its a complete packaged dashboard.
2. Miguel - His dashboard is simple and all the information is visible in one shot.
It's very interesting looking through these - you can definitely tell who's done courses in dashboard design and with whom!
I particularly liked Pawels 'sperm chart' 😉 ... squint your eyes - you'll see what I mean). each of the charts or dashboards are put together well - but I agree with Elchin on this one - Chandeeps dashboard set 'tells a story' of the data. Student of Mr Few??
Without a doubt, Chandeep deserves #1. #2 goes to Abhay, and #3 to Pinhank, for the great presentation style if nothing else.
MF Wong
Do not apologize for any delay! Moving from one town to the next only 10 miles away is tough enough - let alone a family moving from one country to another!
THANK YOU for this excellent post!
As one of the participants, I have been looking forward to this post for long. But totally understood the reason of delay, so never mind! Hope all is well in NZ.
Thank you very much to those who like my chart! 🙂
Also thanks Chandoo for suggesting a name for it "Container Chart", which I have never thought about.
Personally I like the infographic by Pinank. Very outstanding design and use of icons. My two-cent worth: Just the lower part of "Yearly Trend" is actually good enough to answer the question, isn't it? 😉
Cheers,
What an outburst of creativity!
Vote for Chandeep and Pinank!
Agreed!
Awesome dashboards
Infographic by Pinank is awesome
Thank you so much for sharing!! i learn so much from these posts
Highly appreciated
Ahmad
South Africa
Fantastic responses from all the contestants. Some really great ideas. I'm inspired and will adapt some of these to my own dashboard work. Thanks for hosting such a great contest!!
Thank you for sharing this valuable resources !!!
I have only a couple of question that wasn't able to solve regarding data-origin.
Nowadays I have the data coming from a "current" situation from a big database containing all kind purchase-orders information of many different projects. I can calculate the current status of each project investments, but I am not able to track automatically the progress of it month to month or week to week by freezing the calculated metrics on each date. This would let me calculate new graphs and the speed of investments execution.
My question would be, if it is possible to calculate something with an excel formula and automatically freeze this values in a new row or new column. I guess that right now, Basic is the only way, but I guess that there could be a function to copy-a-range, insert-range-as-value-only as a new row or a new column or display everything down or left.
This would preserve the excel formulas defined, and add new data, everytime that it is re-calculated.
Any idea?
Great post , loved all chart representation. Congratulations to all participants and winners.
I need updates to this article.
I didn't even realize this got posted. Came across it today. Thanks
Fantastic post but I was wondering if you could write
a litte more on this subject? I'd be very thankful if you could elaborate a
little bit further. Thank you!
Hi Chandoo,
I comeback after a long time on your Blog. So I saw it lately. Its a brilliant idea.
I like all entries and these are amazing efforts from all participants.
Regards
The report presented by Pinanik is excellent and very innovative. Could be an interesting work for portfolio presentation