Pivot Tables are Excel’s most powerful tools for analyzing large amounts of data customizable. You may quickly and simply create a complex report to describe your dataset’s findings. With a Calculated Field, you may further tailor the functionality of your pivot table.
What is the definition of a calculated field?
Pivot Tables come with a field called Calculated Field, which lets you do calculations on your data using your formulas in order to extend their functionality. Calculated Fields allow you to add a new field to a Pivot Table and perform and display computations depending on the values of fields in your dataset. In other words, you may quickly add/subtract the values of two fields; do calculations based on specific conditions/criteria in a formula utilizing data from a field(s), and display the results in a new additional field within the Pivot Table using Calculated Fields. Calculated Fields allows you to do a wide range of calculations, including dividing, subtracting, multiplying two or more fields, totally divided by field count, count, average, weighted average, and even IF statements to perform calculations depending on criteria.
Pivot Table Calculated Field
Say you operate an art gallery. You wish to compare Estimated Value and Issue Price (Actual Sold Price). A pivot table allows you to determine the cumulative Estimate Values and Sum of Issue Prices for all the goods based on their categories. You may also see how much of a discount you’ve given for each category as a result of the gap between the Est. Value and the Issue Price. In the context of a specific flat discount rate, say 50%, you may also check how much Gain/Loss you’ve made.
In a Pivot Table, how do you add/create Calculated Fields?
- Within the pivot table, click any cell.
- Click Fields, Items & Sets in the Calculations group on the Analyze tab.
- Then choose Calculated Field.
- Enter the calculated field’s name.
- Fill in the formula.
- Select Add.
- Select OK. The Calculated Field is automatically added to the Pivot Table’s Values section by Excel.
- To do calculations, repeat these procedures to add all Calculated Fields using the names and formula.
How can you find the subtraction between two columns in a pivot table?
- Fill up the blanks with the appropriate information.
- Make your Pivot Table. To build a pivot table, go to the Insert tab on the top ribbon and select the PivotTable icon. When you click OK, the PivotTable Fields panel appears on the right side of the screen.
- Drag the Sales and Returns fields to the Values box from the Rows box. In the Pivot Table, deduct two columns. If you wanted to add a column to the pivot table that shows the difference between the Sales and Returns columns, let’s say you wanted to do so.
- To do so, click any value in the pivot table, select the PivotTable Analyze tab, Fields, Items & Sets, and Calculated Field. Next, type anything you like in the Name box of the new window, then in the Formula field, type = Sales – Returns.
- After that, click Add and then OK. This new feature shows the difference between the total sales and total returns for each sales team.
Calculate the difference in percent between two columns
- By selecting your data and selecting Insert > Pivot Table, you can create a pivot table.
- Select Table range and then New Worksheet in the Create PivotTable dialogue box. Select OK.
- In the PivotTable Field dialogue box, drag and drop the needed fields.
- Select Show Value As > Percent Difference From by right-clicking on the required column.
- Select the necessary field as Base Field and (previous) as Base Item in the Show Value As dialogue box. Select OK.
- Now you are good to go with your per cent difference between two columns.