Depreciation (Historical) Formula in Excel

Leverage the powerful Depreciation (Historical) formula in Excel with MarketXLS to retrieve the historical depreciation expenses of a company. This function, often called a "depreciation" formula or function in Excel, provides fast access to key financial metrics for informed decisions.

Understanding Depreciation (Historical)

Depreciation represents the cost associated with using a tangible asset over its useful life, reflecting the benefit gained. With the Depreciation (Historical) formula, you can:

• Track a company’s yearly or quarterly asset usage costs.
• Compare depreciation trends over multiple periods.
• Identify patterns in capital expenditure and longevity of assets.

Use this function to quickly retrieve depreciation figures for better financial analysis, budgeting, and forecasting.

Syntax and Parameters

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

?? Note: Passing an invalid symbol or license will return "NA".
? Pro Tip: You can reference cells for parameters (e.g., =hf_Depreciation(A1, B1)).

Return Value

• A numeric representation of depreciation (historical) expenses for the requested period.
• Returns "NA" if data is unavailable or the license is invalid.

Date Input Formats

While this function primarily uses a “year” parameter, you can still supply references or formulas that produce these strings:

1. Cell references:
   =hf_Depreciation(A1, B1)
2. Direct entry:
   =hf_Depreciation("MSFT", "2022")
3. Excel date functions (for advanced usage):
   =hf_Depreciation("MSFT", TEXT(A1,"yyyy"))

Examples and Usage

Below are practical scenarios to help you get started:

1. Retrieve annual depreciation for a symbol:

   =hf_Depreciation("MSFT", 2022)

   Returns the depreciation amount for the year 2022.

2. Get specific quarter data:

   =hf_Depreciation("MSFT", 2022, 2)

   Returns the Q2 2022 depreciation figure.

3. Fetch trailing twelve months (TTM):

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

   Returns the TTM depreciation value ending with Q3 2022.

4. Use relative periods (last quarter, last year, last 12 months):

   =hf_Depreciation("MSFT", "lq")     //Last Quarter
   =hf_Depreciation("MSFT", "ly-1")  //Previous Last Year
   =hf_Depreciation("MSFT", "lt")    //Last 12 Months

?? Note: Relative periods like "lq-1", "ly-1", and "lt-1" allow looking back multiple intervals.

Common Questions

1. What happens if the symbol is invalid, or the data is not available?

The function returns "NA" if the ticker symbol is invalid, the data isn’t found, or the license is invalid.

2. Can I use this for any equity, index, or crypto?

Yes. MarketXLS supports multiple symbol formats, including stocks ("MSFT"), indices ("^SPX"), options ("@MSFT 110122C00020000"), and crypto ("BTCUSD:DEFAULT").

3. Are there performance considerations?

Excessive calls to Cloud-based or API-driven functions may affect performance. For best results:

• Use formulas selectively.
• Cache or store results in cells to reduce repeated calculations.

4. What are some related functions?

• Revenue (Historical)
• Cost Of Revenue (Historical)
• Gross Profit (Historical)
• R & D Expenses (Historical)
• Selling General and Administrative Expense (Historical)

Leverage these complimentary functions to build a comprehensive insight into a company’s financial health.

? Pro Tip: Mix and match historical functions like Revenue (Historical) and Gross Profit (Historical) with Depreciation (Historical) to gain a deeper understanding of operating and capital expenditures over time.