Key Takeaway:
- CEILING.PRECISE in Excel is a formula that rounds a number up to the nearest specified significance.
- The formula can be used by selecting the target cell and entering the formula: =CEILING.PRECISE(number, significance).
- Understanding the arguments for the formula is important, particularly the number and significance arguments. The number argument is the number you want to round, and the significance argument is the multiple to which you want to round the number.
- Examples of using the formula include rounding a sales tax rate to the nearest penny or rounding a length measurement to the nearest quarter inch.
- Efficient use of CEILING.PRECISE formula involves using it in combination with other formulas, such as concatenation, to quickly and accurately round large amounts of data.
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What is CEILING.PRECISE in Excel?
CEILING.PRECISE is an advanced Excel function used to round up a given number to the nearest multiple of a specified value based on the precision required. It takes two arguments, the number to be rounded up and the multiple to which it should be rounded up. This function is useful in financial modeling and other mathematical calculations that require precise rounding up to a specific value.
To use the CEILING.PRECISE function in Excel, enter the formula in a cell, specify the number and multiple arguments, and press enter. The result will be the rounded-up number to the nearest multiple of the specified value.
While Excel has several rounding functions, CEILING.PRECISE is unique in that it allows for greater control over the precision required in rounding. Its flexibility makes it a preferred choice in complex calculations where precision matters.
To maximize the benefits of this function, it is important to understand its syntax and the arguments it requires. One suggestion is to ensure that the values in the multiple argument are multiples of 10 or 100 where possible. This makes the rounding up process easier and more efficient. Also, be sure to use parentheses and double negative signs appropriately when necessary, as this improves the accuracy of the calculations.
How to use CEILING.PRECISE formula?
CEILING.PRECISE is an Excel formula that rounds a number to the nearest specified multiple. To use this formula professionally, provide the number you wish to round up and the multiple you want to round it to.
Here is a 4-step guide to using the CEILING.PRECISE formula efficiently:
- Open a new or existing Microsoft Excel sheet.
- Select the cell where you want to apply the formula.
- Enter the formula =CEILING.PRECISE(number, significance)
- Press “enter” and the rounded-up value will appear in the selected cell.
While using the CEILING.PRECISE formula, note that it always rounds up positive numbers and always rounds down negative numbers. Avoid using ordinal adverbs and sequencing adverbs when using this formula as these may affect the accuracy of your calculations.
To ensure the best results, use CEILING.PRECISE when you want to round up a value to a set number of decimal places. With an informative and formal tone of voice, this formula can be used to help you save time and avoid errors in your calculations.
Do not miss out on the benefits of the CEILING.PRECISE formula. Start using it for your calculations today!
Understanding the argument syntax of CEILING.PRECISE
In brief, learn the syntax of CEILING.PRECISE by reading on.
Understanding the argument syntax of CEILING.PRECISE:
For the heading ‘Understanding the argument syntax of CEILING.PRECISE’, see the table below for the necessary details.
| Argument | Description |
|---|---|
| Number | The number you want to round up |
| Significance | The multiple to which you want to round the number |
– When using CEILING.PRECISE, ensure that the number you are rounding up and the significance are entered correctly.
– Pro Tip: Instead of manually entering the arguments, use cell references.
Overall, understand the arguments of CEILING.PRECISE using the table above.
Examples of using CEILING.PRECISE formula in Excel
When it comes to using the CEILING.PRECISE formula in Excel, there are many examples that can help you better understand how it works. Here are some insights on how to use this formula:
- Firstly, select the cell where you want to apply the formula and type in ‘
=CEILING.PRECISE’. - Next, enter the cell address or the value that needs to be rounded-up within brackets next to the formula.
- Then, add the comma and enter the significance which indicates the multiple of which you want the value to be rounded-up to.
- Press Enter to complete the formula.
- You will now be able to see the rounded-up value in the given cell.
It is important to note that the CEILING.PRECISE function differs slightly from the CEILING function in that the former always rounds the number up, while the latter can round up or down based on the given significance value.
When using this formula, it is also crucial to ensure that the significance value is carefully selected based on the requirements of the calculation to avoid any errors in the final result.
Don’t miss out on the benefits of using the CEILING.PRECISE formula in Excel for efficient and accurate calculations. Incorporate it into your spreadsheet today.
Tips and tricks for using CEILING.PRECISE formula efficiently and effectively.
The best ways to optimize the usage of the CEILING.PRECISE formula to achieve maximum efficiency and effectiveness.
- Step 1: Understand the CEILING Function
- Step 2: Syntax of the CEILING.PRECISE Function
- Step 3: Sample Usage of the CEILING.PRECISE Function
- Step 4: Additional Benefits of CEILING.PRECISE Function
The CEILING.PRECISE formula is one of the many ceiling functions available in Excel that rounds numbers up to a specified multiple. This formula handles decimal places just like the ROUNDUP() function.
The syntax for this function is as follows, CEILING.PRECISE(number, significance). The first input or ‘number’ is the value we want to round up, and the second input or ‘significance’ is the multiple we want to round up the value to.
For example, if you want to round up the number 87.852 to the nearest 5, input the CEILING.PRECISE formula as =CEILING.PRECISE(87.852,5) and the result will be 90.
Apart from the regular uses, one of the benefits of this function is that it handles negative inputs. If a negative number is input in function, it returns a negative rounded up value with absolute value equal to that of the original negative number.
This formula can be particularly useful in financial statements where the numbers need to be rounded up to the nearest dollar or another specified value.
It is interesting to note that the CEILING.PRECISE function was first introduced in Excel 2013 as a replacement for the CEILING.MATH function.
Five Facts About CEILING.PRECISE: Excel Formulae Explained
- ✅ CEILING.PRECISE is an Excel formula that rounds a number up to the nearest specified multiple. (Source: Microsoft)
- ✅ The CEILING.PRECISE function can be used for financial analysis, modeling, and forecasting. (Source: Investopedia)
- ✅ The formula can be combined with other Excel functions for more complex calculations. (Source: Ablebits)
- ✅ CEILING.PRECISE takes two arguments: the number to be rounded and the multiple to which to round it. (Source: Exceljet)
- ✅ The result of the CEILING.PRECISE function is always a multiple of the second argument. (Source: Excel Campus)
FAQs about Ceiling.Precise: Excel Formulae Explained
What is CEILING.PRECISE in Excel and how can it be used?
CEILING.PRECISE is an Excel formula used to round a number up to a specified multiple. It can be used in situations where data needs to be formatted in a specific way or in mathematical calculations that result in uneven numbers. By using the CEILING.PRECISE formula, the rounded number will always be a multiple of a specified number.
What is the syntax for the CEILING.PRECISE formula in Excel?
The syntax for the CEILING.PRECISE formula is as follows: =CEILING.PRECISE(number, significance). The “number” argument is the value to be rounded and the “significance” argument is the multiple to which the number is to be rounded up.
Can the CEILING.PRECISE formula be used in conjunction with other Excel formulas?
Yes, the CEILING.PRECISE formula can be used in conjunction with other Excel formulas. It can be used within a larger formula to round up a number as required or to format data in a specific way.
In what situations is the CEILING.PRECISE formula particularly useful?
The CEILING.PRECISE formula can be particularly useful in situations where specific multiples are required, such as in financial calculations or when rounding measurements. It can also be useful in other areas of business or data analysis where rounded figures are preferred or necessary.
What is the difference between CEILING and CEILING.PRECISE in Excel?
The CEILING.PRECISE formula in Excel works similarly to the CEILING formula, but with one major difference. CEILING.PRECISE allows for more precise rounding by rounding to a specified multiple, whereas CEILING rounds to the nearest multiple of a specified number not necessarily a multiple of that specified number as it may round up or down to the nearest multiple.
Can the CEILING.PRECISE formula be used when a negative number is involved?
Yes, the CEILING.PRECISE formula can be used when a negative number is involved by specifying the negative multiple that is required. Simply enter a negative number for the “significance” argument in the formula to specify the desired negative multiple.