Compact mode
PMT vs MAXIFS vs SUMIFS
Table of content
Basic Classification Comparison
Function Category 📊
Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function typesPMT- FinancialPMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis
MAXIFSSUMIFSOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsFor all*- CalculationExcel functions for performing various calculations
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionFor all*PMTMAXIFSSUMIFS
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
MAXIFS- Multiple Criteria MaxMAXIFS is known for Multiple Criteria Max.
SUMIFS- Multiple Condition SumSUMIFS is known for Multiple Condition Sum.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
MAXIFS- Can handle up to 127 criteria pairs
SUMIFS- Enhanced version of SUMIF
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
MAXIFS- Like finding the tallest person who likes both pizza and sushi
SUMIFS- When one condition isn't complicated enough
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyFor all*
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersFor all*- NumberExcel functions specifically designed for numerical calculations
MAXIFSSUMIFSVersion Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.For all*- Excel 2016Excel functions that work specifically in Excel 2016 version
PMT- Excel 2019PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version
- Excel 2013PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
MAXIFS- Microsoft 365MAXIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform
SUMIFS- Excel 2019SUMIFS is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version
- Excel 2013SUMIFS is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
- Microsoft 365SUMIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform
- Excel OnlineSUMIFS is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform
- Excel 2007SUMIFS is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 version
- Excel 2010SUMIFS is compatible with Excel 2010 Excel functions that work specifically in Excel 2010 version
Operating System 💾
Specifies the operating systems where the function can be used < including Windows< macOS< and web platformsFor all*- WindowsExcel functions optimized for Windows operating system
- MacOSExcel functions optimized for MacOS users
PMT- Web ExcelPMT runs on Web Excel Excel functions available in web-based versions
SUMIFS- Web ExcelSUMIFS runs on Web Excel Excel functions available in web-based versions
Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyFor all*Required Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
MAXIFS- RangeMAXIFS accepts Range as input types Excel functions that operate on cell ranges for calculations
- TextMAXIFS accepts Text as input types Excel functions specialized in text string manipulation and processing
SUMIFS- RangeSUMIFS accepts Range as input types Excel functions that operate on cell ranges for calculations
- ArraySUMIFS accepts Array as input types Excel functions that specifically work with array inputs for calculations
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionPMT- Accurate Calculations
- Industry StandardExcel functions recognized as industry standards ensure widespread compatibility and reliability
- Reliable
MAXIFS- Multiple Condition Support
- Array HandlingFunctions that efficiently process arrays and ranges of data
- Efficient Processing
SUMIFS- Multiple Conditions
- Accurate Calculations
- Flexible For Multiple Criteria
- Handles Large DatasetsFunctions optimized for processing and analyzing large amounts of data efficiently
- Easy To UnderstandFunctions with clear and intuitive syntax that are simple to learn
- Multiple Conditions SupportExcel functions handling multiple conditions enable complex logical operations and flexible data filtering
- Accurate ResultsFunctions that provide precise and reliable computational results
- Flexible
- Versatile Conditional SummingExcel functions that can perform flexible conditional sum calculations based on multiple criteria
- Supports Multiple Criteria
- Powerful For Multiple Criteria
- Flexible Conditions
Cons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
MAXIFS- Requires Sorted Data
- Limited To NumbersFunctions that can only process numerical values and cannot handle text or dates Click to see all.
SUMIFS- Complex For Beginners
- Needs Sorted DataFunctions that only work correctly when the data is pre-sorted in a specific order Click to see all.
- Complex Syntax For Beginners
- Limited To Sum Operations
- Performance Issues With Large Ranges
- Cannot Use OR Conditions
- Complex Syntax
- Can Be Slow With Large DatasetsFunctions that process large amounts of data may significantly impact spreadsheet performance Click to see all.
- Limited To Sum Operation OnlyFunctions that can only add values without other mathematical operations Click to see all.
- Requires Sorted Data
Ratings Comparison
Alternatives to PMT
COUNTIFS
Known for Multiple Criteria Counting
📈
is more versatile than MAXIFS
⭐
is rated higher than MAXIFS
SUMIF
Known for Conditional Sum Calculations
📊
is easier to use than MAXIFS
SUBTOTAL
Known for Filtered Data Calculations
📈
is more versatile than MAXIFS
⭐
is rated higher than MAXIFS
SUM
Known for Basic Arithmetic Calculations
📊
is easier to use than MAXIFS
⚙
performs better than MAXIFS
🛠
is more reliable than MAXIFS
⭐
is rated higher than MAXIFS
AGGREGATE
Known for Advanced Calculations With Options
📈
is more versatile than MAXIFS
⚙
performs better than MAXIFS
🛠
is more reliable than MAXIFS
⭐
is rated higher than MAXIFS
INDEX
Known for Advanced Data Retrieval
📈
is more versatile than MAXIFS