Skip to content
Free Excel Tutorials
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Data Analysis

  • Understanding Anova in Excel
  • How to calculate current stock or inventory in Excel
  • How to conditionally sum numeric data in an Excel table using SUMIFS
  • Remove Duplicates Example in Excel
  • Chart Axes in Excel

References

  • Find Closest Match in Excel Using INDEX, MATCH, ABS and MIN functions
  • Create hyperlink with VLOOKUP in Excel
  • MATCH function: Description, Usage, Syntax, Examples and Explanation
  • How to use Excel MMULT Function
  • Extract data with helper column in Excel

Data Validations

  • Excel Data validation number multiple 100
  • Excel Data validation require unique number
  • Excel Data validation must not contain
  • Excel Data validation exists in list
  • Excel Data validation whole percentage only

How to calculate current stock or inventory in Excel

by

This tutorial covers basic inventory formula.

To calculate current stock, or inventory, you can use Excel Tables with a formula based on the SUMIF function.

Formula

=SUMIFS(In[Qty],In[Color],A1)-SUMIFS(Out[Qty],Out[Color],A1)

Explanation

In the example shown, the formula in K7 is:

=SUMIFS(In[Qty],In[Color],J7)-SUMIFS(Out[Qty],Out[Color],J7)

Where “In” is the Excel Table on the left, “Out” is the table in the middle.

How this formula works

This formula demonstrates a very simple inventory concept where current inventory is simply the result of all incoming stock minus all outgoing stock. In the example, colors are treated as unique item identifiers – imagine a product available in one size only in just three colors: red, blue, or green.

The key to this approach is to use Excel Tables, because Table ranges automatically expand to handle changes in data. This means we can get a total of all incoming red items with:

=SUMIFS(In[Qty],In[Color],J7)

And a total of all outgoing red items with:

=SUMIFS(Out[Qty],Out[Color],J7)

In both cases, the SUMIFS function generates a total for all red items in each table.

Then, as long as both tables are up to date and complete, we can get the current inventory of red items with the following formula:

=SUMIFS(In[Qty],In[Color],J7)-SUMIFS(Out[Qty],Out[Color],J7)

As the formula is copied down, we get current inventory for each color.

Post navigation

Previous Post:

How to generate random date between two dates in Excel

Next Post:

Popularly Used Excel Functions and their examples

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others

Logical Functions

  • IF with wildcards in Excel
  • How to return blank in place of #DIV/0! error in Excel
  • IFERROR function: Description, Usage, Syntax, Examples and Explanation
  • Extract multiple matches into separate rows in Excel
  • How to use IFS function in Excel

Date Time

  • NOW function: Description, Usage, Syntax, Examples and Explanation
  • EOMONTH function: Description, Usage, Syntax, Examples and Explanation
  • Convert Excel time to decimal seconds
  • WORKDAY.INTL function: Description, Usage, Syntax, Examples and Explanation
  • WEEKDAY function: Description, Usage, Syntax, Examples and Explanation

Grouping

  • How to randomly assign data to groups in Excel
  • Group times into unequal buckets in Excel
  • Group numbers at uneven intervals in Excel
  • Group times into 3 hour buckets in Excel
  • Map inputs to arbitrary values in Excel

General

  • Basic text sort formula in Excel
  • How to get original number from percent change in Excel
  • Common Errors in Excel
  • Check if multiple cells have same value in Excel
  • How to generate random date between two dates in Excel
© 2023 xlsoffice . All Right Reserved. | Teal Smiles | Abbreviations And Their Meaning