Accrued Expenses (Historical) Formula in Excel
Understanding Accrued Expenses (Historical)
Accrued expenses refer to costs that have been incurred but not yet paid within a specified accounting period. Using the Accrued Expenses (Historical) formula in Excel with MarketXLS, you can:
- Track trends in your company’s unpaid expenses over historical periods
- Evaluate financial health and cash flow requirements
- Make more informed budgeting and forecasting decisions
? Pro Tip: Use this formula alongside other MarketXLS historical fundamentals to get a comprehensive view of a company’s performance.
Syntax and Parameters
=hf_Accrued_Expenses(Symbol, year, [quarter], [TTM])| Parameter | Description | Required | Example |
|---|---|---|---|
| Symbol | The security ticker or identifier. Can be regular stocks (e.g., "MSFT"), indices (e.g., "^SPX"), options (e.g., "@MSFT 110122C00020000"), or crypto (e.g., "BTCUSD:DEFAULT"). | Yes | "MSFT" |
| year | The year of interest. Accepts direct input ("2022"), relative references ("ly" for last year, "ly-1" for last year minus one), or date references (e.g., using =TEXT(A1,"yyyy-mm-dd")). | Yes | 2022 |
| quarter | The quarter number (1 to 4). Also supports relative quarters ("lq", "lq-1"). If you specify "TTM", the quarter indicates the basis for the trailing 12 months. | No | 2 |
| TTM | Use "TTM" to retrieve trailing 12 months of data based on the specified quarter and year. Leave blank for regular quarterly/yearly values. | No | "TTM" |
Return Value:
• Returns a numeric value representing the incurred but unpaid expenses recognized.
• Returns "NA" if the symbol is invalid or license limitations apply.
Error Handling and Special Cases:
• If you enter an invalid ticker symbol, the formula returns "NA".
• If you do not have a valid MarketXLS subscription for historical fundamentals, "NA" will be returned.
• For performance, results are cached to reduce load times, but calling this function frequently on many symbols may still impact performance.
Examples and Usage
Below are practical examples. You can:
- Reference a cell containing the year or date.
- Provide a date or year directly in quotes.
- Use Excel date functions like TEXT(A1,"yyyy-mm-dd").
?? Note: Make sure your symbol and date parameters are valid, or the formula will return "NA".
• By Symbol and Year
=hf_Accrued_Expenses("MSFT", 2022)Retrieves the accrued expenses for Microsoft in 2022.
• By Year and Quarter
=hf_Accrued_Expenses("MSFT", 2022, 2)Retrieves the accrued expenses for Microsoft in the second quarter of 2022.
• Using Trailing Twelve Months (TTM)
=hf_Accrued_Expenses("MSFT", 2022, 3, "TTM")Retrieves the trailing 12-month accrued expenses up to the third quarter of 2022.
• Relative Years and Quarters
=hf_Accrued_Expenses("MSFT", "lq")
=hf_Accrued_Expenses("MSFT", "ly")"lq" returns last quarter’s data, and "ly" returns last year’s data.
• Direct Date Reference and Excel Date Functions
=hf_Accrued_Expenses(A1, TEXT(A2,"yyyy"), TEXT(A3,"q"))
=hf_Accrued_Expenses("MSFT", "2024-03-15")Common Questions
What happens if I use an invalid symbol?
If the ticker or identifier you enter is invalid, the formula returns "NA". Ensure you’re spelling the symbol correctly.
Can I apply this to indices or crypto assets?
Absolutely. You can use symbols like "^SPX" for the S&P 500 index or "BTCUSD:DEFAULT" for Bitcoin.
Do I need a specific MarketXLS plan to access historical fundamentals?
Historical fundamentals often require a certain subscription level. If your plan does not support this data, the function returns "NA".
Any performance considerations?
While MarketXLS caches results to optimize performance, repeated calls across numerous symbols or large datasets might slow down Excel. It is recommended to minimize repeated calls or use caching in your workbook wherever possible.
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