Want to Be a Power Analyst? Then Talk only Percentages…
To create a Percentage Table in Excel, all you need to do is to learn the simple Pivot Table techniques of Excel. These techniques help you to show both values and percentages at the same time. Its like having your cake and eating it too!
Ever since I published the How to Analyze data with Pivot Tables Video on YouTube, I receive an average of 2-3 new query every day, asking for more tips on getting more juice out of the using Pivot Tables in Microsoft Excel. I have now created the ultimate guide of 10 Methods to Summarize Data in Excel.
This tip about showing Percentages in the Pivot table is pretty simple, yet it could make you into the next Power Analyst you see on CNBC or other TV News channels.
You see, analysts crunch numbers on Business Shows, News Channels all day long. And they make it look so sexy, so cool….
They talk about Year or Year Growth, Quarterly Income Growths, Dividend per share, and most importantly, the presentation has an impact on you… because they talk about percentages.
Simply learn this neat trick to Display Values & Percentages in Excel Pivot Tables.
Yes, a simple ” We have 528 widgets” does not make any one notice.
But the same thing converted into “28% of our inventory is stuck in widgets” can make a big difference, and make people take notice about what you say.
How to Convert Numbers Into Percentages?
Well, most of the time, this nifty trick can be done using the basic Pivot Table in Excel. And the version of Excel does not matter. You could use Excel 2010, Excel 2013, Excel 2016, Excel 2019 or even the latest Microsoft Office Excel 365. Pretty much any version of Excel will do.
Let’s say you are showing Categories, Products and their inventory in a Pivot Table like below.
It is useful to see the inventory by category, but it does not clarify things. So let’s add some clarity to our Pivot table, by adding a percentage.
Adding a Percentage Column in the Pivot Table
If you just drag the Stock field to the Values section of the Pivot Table one more time, the output Pivot Table would look like this.
Now you click the Second Stock Field (Sum of Stock) in the Values Section, and click on it again. You will see a popup like below.
Choose Show Value As > % of Grand Total. In some versions of Excel, it might show as % of Total. This is fine.
Newer versions of Excel like Excel 2016, Excel 2019 or Microsoft 365 show a % of Grand Total when you right click on any numeric value. This is the key way to create a percentage table in Excel Pivots.
The Pivot view now changes to this:
Isn’t it magical! Now you can see that the Art category accounts for 42% Inventory, and Computer Products account for 35%, followed by Stationery, at 23%.
After converting the raw numbers into percentages, it is more insightful than looking at absolute numbers only.
And applying such nifty techniques to create a Percentage Table converts you into a Power Analyst, who talks in Percentages, not just numbers.
Use this neat trick to convert numbers into percentages, and specially convert it to a % of Grant Total. It is really useful technique.
I am sure you will love this simple technique. Hope it helps! Do share it with others on Facebook or LinkedIn.
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Need Tips on Pivot Tables, Data Analysis or Creating Better Charts?
Do checkout these useful articles & Video Resources
- ExcelChamp Video Tutorials on YouTube
- 2 Axis Charts in Excel
- How To Show Values and Percentages in Excel Pivot Tables
- 7 Habits of Highly Effective Data Analysts
- Creating Beautiful Excel Charts For Business Presentations
And if you want to learn Advanced Excel fast, then check out our detailed guide.