In this article you will learn about the DATEVALUE formula in Excel and its applications in real life.
The DATEVALUE function in Excel converts a date represented as text into a serial number that Excel recognizes as a date. This function is useful when you have dates stored as text that you want to use in calculations or when you want to convert dates entered in a non-standard format into a format that Excel can recognize.
The DATEVALUE formula in Excel has many uses, including:
Overall, the DATEVALUE function is a useful tool for working with dates in Excel, particularly when dealing with text or non-standard date formats.
Please see below for the syntax of the DATEVALUE formula:
date_text is the text representation of the date that you want to convert to a date serial number. The date_text argument must be enclosed in quotation marks, and it must be in a format that Excel recognizes as a date such as "mm/dd/yyyy" or "dd-mmm-yyyy".
Note: If the year portion of the date_text argument is omitted, the DATEVALUE function uses the current year from your computer's built-in clock. Time information in the date_text argument is ignored.
Are you learning this formula to visualize financial data, build a financial model, or conduct financial analysis? In that case, LiveFlow may help you automate manual workflows, update numbers in real-time, and save time. You can access various financial templates on our website, from the simple Income Statement to Multi-Currency Consolidated Financial Statement. Are you interested in this product but are an Excel user? That’s not a problem at all. You can connect Google Sheets to Excel quickly.
To learn more about LiveFlow, book a demo.
You can learn about other Excel and Google Sheets formulas and tips that are not mentioned here on this page: LiveFlow‘s How to Guides
Learn how to do this step-by-step in the video below 👇