value

 The VALUE function in Excel is used to convert a text string that represents a number into a numeric value. This is particularly useful when you import data from other sources and numbers are stored as text. Below are 10 examples of how the VALUE function can be used, including data and formulas:

Example 1: Basic Usage

Data:
A1: "123"

Formula:
=VALUE(A1)

Result:
123

Example 2: Converting Text with Currency Symbol

Data:
A1: "$123.45"

Formula:
=VALUE(SUBSTITUTE(A1, "$", ""))

Result:
123.45

Example 3: Converting Text with Commas

Data:
A1: "1,234.56"

Formula:
=VALUE(SUBSTITUTE(A1, ",", ""))

Result:
1234.56

Example 4: Converting Text with Percentage

Data:
A1: "75%"

Formula:
=VALUE(SUBSTITUTE(A1, "%", ""))/100

Result:
0.75

Example 5: Converting Text with Scientific Notation

Data:
A1: "1.23E+03"

Formula:
=VALUE(A1)

Result:
1230

Example 6: Combining VALUE with IF

Data:
A1: "123"
B1: "ABC"

Formula:
=IF(ISNUMBER(VALUE(A1)), VALUE(A1), "Not a number")

Result:
123

Formula:
=IF(ISNUMBER(VALUE(B1)), VALUE(B1), "Not a number")

Result:
"Not a number"

Example 7: Using VALUE in a SUM Formula

Data:
A1: "100"
A2: "200"

Formula:
=SUM(VALUE(A1), VALUE(A2))

Result:
300

Example 8: Converting Date Text to Serial Number

Data:
A1: "01/01/2023"

Formula:
=VALUE(A1)

Result:
44927 (Excel's serial number for the date)

Example 9: Converting Time Text to Serial Number

Data:
A1: "12:30 PM"

Formula:
=VALUE(A1)

Result:
0.520833 (Excel's serial number for the time)

Example 10: Combining VALUE with TEXT

Data:
A1: "123.45"

Formula:
=TEXT(VALUE(A1), "$#,##0.00")

Result:
"$123.45"

Summary

The VALUE function is versatile and can be combined with other functions like SUBSTITUTE, IF, ISNUMBER, and TEXT to handle various data conversion scenarios. It is particularly useful for cleaning and preparing data for analysis in Excel