Building And Improvements (Historical) Formula in Excel

Are you looking to manage and analyze the costs associated with building enhancements over time? The "Building And Improvements (Historical)" formula in Excel with MarketXLS provides an efficient way to retrieve data on normal wear-and-tear repairs and enhancements mandated by a company. Use it to gain insights into how a company allocates resources to keep real estate assets updated.

Understanding Building And Improvements (Historical)

• Purpose and Use Cases
  The Building And Improvements (Historical) formula is designed to pull historical data on a company’s capital spent on facility upgrades. It helps analysts, accountants, and investors evaluate long-term property management strategies.

• Key Benefits

  • Streamlines historical analysis of repairs, upgrades, and property improvements.
  • Assists in long-term budgeting and ROI assessments for real estate investments.
  • Integrates smoothly with Excel for comprehensive financial models.

• When to Use
  Use this function when you need historical insight into how much a company invests in property upkeep, or when comparing real estate capital expenditures among different periods or companies.

Syntax and Parameters

=hf_Building_and_Improvements(Symbol, year, [quarter], [TTM])

?? Note: If you provide an invalid symbol, or if your MarketXLS license does not permit historical fundamentals, the function will return "NA".

Return Value

• Returns a numeric value representing the capital spent on building improvements for the specified period.
• If data is unavailable or an error occurs, returns "NA".

Special Cases and Limitations

• For last-quarter ("lq") or last-year ("ly") references, MarketXLS automatically calculates the latest closed period based on available fundamentals.
• If you use "TTM" and the requested period is not supported or partially missing data, the formula returns "NA".

Date Inputs

You can reference years in multiple ways:

1. Setting a cell reference containing the value or text:

   =hf_Building_and_Improvements("MSFT", A1)

2. Entering a date string directly (if your model calculates a year from a date):

   =hf_Building_and_Improvements("MSFT", "2024-03-15")

3. Using Excel date functions to format a reference:

   =hf_Building_and_Improvements("MSFT", TEXT(A1,"yyyy"))

? Pro Tip: Combine Excel’s date/time functions to dynamically reference and update the year or quarter in your financial models.

Examples and Usage

Below are some common ways to use the Building And Improvements (Historical) formula in Excel with MarketXLS:

1. Basic Yearly Inquiry

   =hf_Building_and_Improvements("MSFT", 2022)

   Retrieves the cost of building improvements in 2022.

2. Quarterly Analysis

   =hf_Building_and_Improvements("MSFT", 2022, 2)

   Retrieves the building improvements value for the second quarter of 2022.

3. Trailing Twelve Months

   =hf_Building_and_Improvements("MSFT", 2022, 3, "TTM")

   Retrieves the trailing twelve-month figure from the third quarter of 2022.

4. Last Quarter / Last Year References

   =hf_Building_and_Improvements("MSFT", "lq")
   =hf_Building_and_Improvements("MSFT", "ly-1")

   “lq” returns the most recently closed quarter, while “ly-1” returns one year prior to the last closed year.

?? Note: External API calls power this formula. Ensure stable internet connectivity for best performance. Large-scale requests may take longer.

Common Questions

1. Why am I getting "NA"?

   • You might be querying a symbol not covered by your MarketXLS plan, entering invalid parameters, or referencing a period with no data. Verify the symbol and parameters, and confirm your MarketXLS subscription.

2. Can I use cell references for dynamic reporting?

   • Yes. By referencing cells for symbol, year, or quarter, you can build dynamic models that update automatically.

3. Does this formula support multiple time frames simultaneously?

   • No. Each formula call retrieves data for a single period. For multiple time frames, use separate formula instances or arrays.

4. How does this formula handle partial data for TTM?

   • If any quarter in the trailing year is missing fundamentals data, the formula returns “NA” to indicate incomplete results.

5. Are there any performance considerations?

   • Heavy usage might cause slower performance due to external data fetches. Reduce calls by caching results in cells or organizing data pulls in a structured way.

? Pro Tip: Pair this function with other fundamental formulas (e.g., Revenues, R&D Expenses) to get a complete financial picture in your Excel dashboards.