## Definition

In the realm of advanced Excel functions for data analysis, the TIMEVALUE formula holds a key position. It converts a time represented as text into a decimal number that Excel recognizes as time.

## Purpose

The TIMEVALUE formula assists in converting time stored as text into a format Excel can understand. In doing so, it lets you perform numerical operations with time data, enhancing your data analysis capabilities.

## Syntax

Creating formulas in Excel demands strict syntax adherence. For the TIMEVALUE formula, the syntax appears as follows:

`=TIMEVALUE(time_text)`

## Parameters

TIMEVALUE uses a single parameter:

`time_text`

: This parameter is the time in text format that you want to convert to a serial number.

## Returns

The TIMEVALUE formula returns a decimal number between 0 (00:00:00) and 0.999988426 (23:59:59), representing the fractional part of a 24-hour day.

## Usage notes

It’s crucial to remember that the returned decimal number must be formatted as a time to make sense to the user. The default cell format is ‘General,’ so you’ll need to manually change it to ‘Time.’

## Availability

The TIMEVALUE formula is available in all versions of Excel, making it a part of most common Excel formulas.

## Example #1

In the simplest scenario, you might have the time “12:00 PM” in cell A1. To convert it into a decimal number, use the following formula:

`=TIMEVALUE(A1)`

This will return 0.5 because “12:00 PM” is halfway through a 24-hour day.

## Example #2

Consider an instance where the time is given in 24-hour format, such as “18:00” in cell A1. Apply TIMEVALUE as follows:

`=TIMEVALUE(A1)`

This will return 0.75 because “18:00” is 75% through a 24-hour day.

## Example #3

If you have a combined date and time text string, TIMEVALUE will only focus on the time portion. For “2023-12-31 12:00 PM” in cell A1:

`=TIMEVALUE(A1)`

The result will be 0.5, as it disregards the date part and only considers “12:00 PM”.

## Example #4

The formula can handle a wide variety of time formats. With “12 PM” in cell A1:

`=TIMEVALUE(A1)`

Again, you’ll see the result as 0.5.

## Example #5

Finally, for a scenario with invalid time text like “Hello” in cell A1, use TIMEVALUE:

`=TIMEVALUE(A1)`

Excel will return a #VALUE! error because “Hello” is not a valid time.

## Tips and Tricks

Remember to format the cells correctly to display the results of TIMEVALUE as time. Additionally, TIMEVALUE can handle both 12-hour and 24-hour time formats.

## Limitations

TIMEVALUE can’t convert text strings with only the date component. It also won’t process invalid time strings.

## Common errors and solutions

A #VALUE! error occurs if the time_text parameter is not a valid time. Always ensure your time_text represents a valid time.

## Best Practices

Always cross-check the text data to ensure it contains valid time information. Also, remember to change the cell format to ‘Time’ after using the TIMEVALUE formula.

## List of Related Functions

Other related Excel functions that work with dates and times include:

- DATEVALUE: Converts a date represented as text into a serial number that Excel recognizes as a date.
- TIME: Returns the decimal number for a particular time.
- NOW: Returns the current date and time.

## Frequently Used with the Formulas

TIMEVALUE is often used in conjunction with DATEVALUE and TIME to perform advanced data analysis tasks.

## Frequently Asked Questions

### Q. How to correct a #VALUE! error with the TIMEVALUE formula?

You need to ensure that your time_text parameter represents a valid time. If the time is invalid, Excel will return a #VALUE! error.

### Q. Does the TIMEVALUE formula work with dates?

No, TIMEVALUE only works with time. For dates, you should use the DATEVALUE formula.

### Q. How can I display the result of the TIMEVALUE formula as time?

You need to change the cell format to ‘Time.’ By default, Excel will display the result as a decimal number in ‘General’ format.

Master the TIMEVALUE formula to take your Excel data analysis skills to the next level.