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How to Convert 1000000 to 1.00 in Excel

What Is Format Numbering?

Excel formatting of numbers is an essential component of information display that enables users to properly and clearly communicate mathematical data to others. Selecting the cells with the numbers will bring up the Configuration Cells dialogue box, where users can view a variety of pre-made designs or alter them to suit their preferences. Excel provides a range of options to satisfy diverse organizing requirements, whether it is displayingvalues, rates, dates, or other mathematical data.

From indicating decimal spots to adding thousand separators and cash images, clients can fit the presence of numbers to improve intelligibility and understanding. Also, Excel offers easy routes and instruments like the Arrangement Painter to smooth out the designing system and apply steady organizing across numerous cells or reaches. Generally speaking, becoming amazing at organizing numbering in Excel is vital to introducing information in an expert and understandable way, working with better navigation and examination

In the present tutorial, we will focus on formatting the large numbers in a more limited structure in Excel so users can comprehend them quickly without any difficulty.

In the Arithmetic field, each number has various wordings.

Example:

For instance, one thousand (1,000) is addressed as 1k, and one lakh (100,000) is depicted as 100k.

Key Focal points

  1. Designing numbers into millions and thousands in Excel is a strategy used to change numbers into Thousands and Millions formats.
  2. This technique in Excel utilizes codes to covert numerals into text, i.e., thousands and millions.
  3. In the meantime, formatting numbers to millions and thousands in Excel assists clients to simplify the information as lengthy numerals may be challenging to peruse and process.
  4. For example, reading 60,000 may be troublesome. We can undoubtedly change over this value as 60 thousand involving arranging numbers to thousands in Excel.

Constructing a Custom Number Format in Excel:

Before moving ahead further, let me briefly explain how Excel's custom number formatting functions.

Excel can hold the four categories of data listed below in a cell by design:

  • An integer that is positive
  • A negative figure
  • 0
  • Text strings (which can be both alphanumeric and pure text strings)

Although Excel can efficiently handle dates as well. All the date and time values are kept as numbers, falling under positive integers. You can specify how each of these data types should be displayed in a cell in an Excel worksheet.

The syntax for specifying this format is given below:

Note: Semicolons (;) are used to separate each of them.

Any data entered in an Excel cell will fall into one of these four categories, so you can specify a custom format for it.

If you simply mention:

  • One format: Each of the four sections uses it. For instance, if you type "General,", it will be applied to all four parts.
  • Two formats: The first is used for zeros and positive numbers, and the second is used for negative numbers. Text format automatically changes to General.
  • Three formats: The first applies to positive numbers, the second to negative numbers, and the third to zero, when the text disappears because no format is given.

Excel Format Numbers:

First and foremost, we will understand how to format numbers in thousands and K's. Keep in mind, both thousand and K are similar, yet need different designing strategies in Excel.

Suppose we have the following set of numbers in the Excel sheet.

How to Convert 1000000 to 1.00 in Excel

Presently, we need to format these numbers in thousands. For instance, rather than mentioning it as 2500, we can also write it as 2.5 thousand.

To change the appearance of the numbers, follow the below steps:

  • Right-click on the numbers you want to format, and the following window will appear; choose the "format cells" option.
How to Convert 1000000 to 1.00 in Excel

Note: We can also press the "Ctrl + 1". Its an alternate way to open the "format Cells."

  • The Format cells dialog window will open. Go to the "Custom" choice.
    How to Convert 1000000 to 1.00 in Excel
  • In the "Type:" area, select the formatting code you want to apply. Since we want to format code to change the appearance of the numbers, select the below type:

Design Code: 0, "Thousands".

How to Convert 1000000 to 1.00 in Excel
  • Now, you will see the values in "Thousands."
    How to Convert 1000000 to 1.00 in Excel
  • Next, you can see the specific qualities with decimal places.
    How to Convert 1000000 to 1.00 in Excel

#2 - Unconventional Method of Showing Thousand Values:

Step #1 - This offbeat strategy shows 1,000 qualities. Here we aim to divide the number by 1,000 and append "Thousand" by using the ampersand (and) symbol.

Step #2 - Formatting numbers in K's values.

To show 1,000 numbers in K's, we need to replace "Thousand" to "K." In the "Type:" area, select the following formatting code.

Design Code: 0.00, "K".

How to Convert 1000000 to 1.00 in Excel

Step #3 - As a result, you will have the desired output:

How to Convert 1000000 to 1.00 in Excel

#3 - Formatting Numbers in Millions:

In the previous section, we learnt how to format numbers in thousands. Now's, let's see how to format numbers in millions.

Step #1 - The past organizing code would show "10 lakhs" as "1000 K," "25 lakhs" as "2500 K," and so on.

We all know that 10 lakh is equivalent to 1 million. In this way, we can format the number in millions rather than in thousands.

Step #1 - In the "Type:" area, select the following formatting code to format the number in millions.

How to Convert 1000000 to 1.00 in Excel

Step #3 - As a result, it would show the numbers in "Millions.". Refer to the below output.

How to Convert 1000000 to 1.00 in Excel

The example applies specifically to millions. What if we have numbers that are under 10 lakhs.

For instance, 2.5 lakh would be displayed as "0.25 Million" rather than "2500 K." This is a common issue with a single referring format code.

In any case, we can adjust the code to show the outcome based on the cell values of numbers. For example, if the value is under 10 lakhs, the output should be in K's. If the value is greater than 1000,000, the outcome should be in "Million."

Points to Remember:

  • Instead of "Million," we can write it with letter M.
  • Instead of "Thousand," we can write it with letter "K." These two are sequential portrayals of "Million" and "Thousands."
  • To show the negative numbers in red, we can use the below given code:

Frequently Asked Questions:

1. What is the use of formatting numbers to thousands and millions in Excel?

We all know that Excel is used to manage and store colossal datasets. While using Excel, if the data contains long values, such as millions and thousands, it will be easier to understand if the values are in words rather than numbers.

This technique of formatting numbers to millions and thousands assists us in converting numerals into thousands and millions easily.

2. Explain formatting numbers to thousands and millions method in excel with an example?

For instance, consider the following that contains items and the quantity of items sold in a year.

How to Convert 1000000 to 1.00 in Excel

As we can see, the data in section B (Products Sold) contains lengthy number that are difficult to peruse. If we format these numbers to millions and thousands in Excel, we can convert the numbers into words.

Stage 1: Select the cells we need to arrange and press the shortcut keys, Ctrl + 1.

Stage 2: The Format cell window will open. Go to the Custom choice and type the code - 0, "Thousands".

We can see the values in column B is formatted into Thousand in column C.

How to Convert 1000000 to 1.00 in Excel

3. What are the moves toward design numbers to thousands?

We can organize numbers to message in a couple of steps utilizing Excel's Configuration numbers to thousands and millions technique.

Stage 1: Select the cells we need to arrange.

Stage 2: Press the shortcut keys, Ctrl + 1.

Stage 3: The Format Cells window will appear.

Stage 4: Go to the Custom choice and type the code

- 0, "Thousands"

The numbers will be formatted into thousands and millions.

Conclusion:

In Conclusion, number formatting in Excel is a strong tool that allows users to customise the presentation of numerical data in Excel worksheets. It enables the users to display numbers in a variety of formats, including money, percentages, dates, times.







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