Learn how to use SUMIF and SUMIFS in Excel for data analysis. Practical examples and step by step tutorials. Business analysis and financial reporting. Excel 2024.
by Mihir Kamdar / Last Updated:
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Conditional summing is a must have skill in data analysis. Whether you’re analyzing sales data, financial reports or business metrics, knowing SUMIF and SUMIFS will change your Excel life. This guide will show you how.
The SUMIF function is a conditional summing function that sums the values in a range of cells that meet a specified condition, known as the criteria argument.
The SUMIF function adds values that meet specified criteria, making it ideal for single-condition summing.
Basic Syntax
Real-World Application:
Example 2: Numeric Criteria
=SUMIF(M2:M11, “>500000”, O2:O11)
Business Applications:
The Excel SUMIFS function is a powerful tool that allows you to sum cells based on multiple criteria. The SUMIFS function is a conditional summing function that sums the values in a range of cells that meet multiple criteria.
Advanced Syntax
=SUMIFS(Sum_Range, Criteria_Range1, Criteria1, Criteria_Range2, Criteria2)
Components:
When using the SUMIFS function, the actual question mark (?) can be used as a wildcard to match any single character, but if you need to search for an actual question mark in your data, you must escape it with a tilde (~).
Example
Business Use Cases:
Criteria Handling:
SUMIF: Single condition
SUMIFS: Multiple conditions
Syntax Structure:
SUMIF: Range before sum_range
SUMIFS: Sum_range comes first
Flexibility:
SUMIF: Simpler for basic needs
SUMIFS: More powerful for complex analysis
SUMIFS is an Excel function that sums values based on multiple criteria or conditions.
SUMIFS can handle multiple criteria, while SUMIF is limited to a single criterion.
=SUMIFS(sum_range, criteria_range1, criteria1, [criteria_range2, criteria2], …)
SUMIFS can handle up to 127 criteria pairs.
Yes, SUMIFS can work with text, numeric, and date criteria.
Knowing SUMIF and SUMIFS is crucial for data analysis in Excel. These functions are powerful and will help you calculate with precision and speed. Whether you have simple or complex criteria, these functions have got you covered.
