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PMT vs AVERAGEIFS vs SUMIFS

Table of content

Basic Classification Comparison
Usage Context Comparison
Basic Information Comparison
History Comparison
Facts Comparison

Usage Information Comparison
Technical Details Comparison
Evaluation Comparison
Ratings Comparison

Basic Classification Comparison

Function Category 📊

Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function types

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis Click to see all.

AVERAGEIFS

Statistical

AVERAGEIFS belongs to the Statistical category. Excel functions for statistical analysis and calculations Click to see all.

SUMIFS

Mathematical

SUMIFS belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.
Operation Type 🔧

Fundamental type of operation or action that the Excel function performs on its inputs

For all*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

AVERAGEIFS

Multiple Criteria Based Average

AVERAGEIFS is known for Multiple Criteria Based Average.

SUMIFS

Multiple Condition Sum

SUMIFS is known for Multiple Condition Sum.

History Comparison

Creation Date 📅

Original release date of the Excel function

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version Click to see all.

AVERAGEIFS

Excel 2007

AVERAGEIFS was created in Excel 2007. Functions first introduced in Excel 2007 release Click to see all.

SUMIFS

Excel 2007

SUMIFS was created in Excel 2007. Functions first introduced in Excel 2007 release Click to see all.
Created By 👤

Organization or team responsible for developing the function

For all*

Microsoft Excel Team

Functions officially created by the Microsoft Excel development team

Facts Comparison

Interesting Fact 💡

Unique or lesser-known information about the Excel function

PMT

Most used function in banking industry

AVERAGEIFS

Can Handle Up To 127 Criteria Pairs

SUMIFS

Enhanced version of SUMIF
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PMT

The function that reminds you of your debts

AVERAGEIFS

Makes Simple Averages Feel Inadequate

SUMIFS

When one condition isn't complicated enough

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

For all*

Intermediate

Excel functions with moderate complexity for various tasks

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

For all*

Number

Excel functions specifically designed for numerical calculations

AVERAGEIFS

Array

AVERAGEIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

Range

AVERAGEIFS accepts Range as input data. Excel functions that operate on cell ranges and data sets Click to see all.

SUMIFS

Array

SUMIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.
Version Compatibility 💻

Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.

PMT

Excel 2019

PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version Click to see all.

Excel 2016

PMT is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version Click to see all.

Excel 2013

PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version Click to see all.

AVERAGEIFS

Excel 2007

AVERAGEIFS is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 version Click to see all.

SUMIFS

Excel 2019

SUMIFS is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version Click to see all.

Excel 2016

SUMIFS is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version Click to see all.

Excel 2013

SUMIFS is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version Click to see all.

Microsoft 365

SUMIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform Click to see all.

Excel Online

SUMIFS is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform Click to see all.

Excel 2007

SUMIFS is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 version Click to see all.

Excel 2010

SUMIFS is compatible with Excel 2010 Excel functions that work specifically in Excel 2010 version Click to see all.
Operating System 💾

Specifies the operating systems where the function can be used < including Windows< macOS< and web platforms

For all*

Windows

Excel functions optimized for Windows operating system
MacOS

Excel functions optimized for MacOS users
Web Excel

Excel functions available in web-based versions

AVERAGEIFS

Excel Online

AVERAGEIFS runs on Excel Online Excel functions available in the online version of Excel Click to see all.
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

PMT

3

PMT needs 3 required arguments Click to see all.

AVERAGEIFS

2

AVERAGEIFS needs 2 required arguments Click to see all.

SUMIFS

3

SUMIFS needs 3 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

For all*

Number

Excel functions that perform calculations specifically with numerical inputs
Number

Excel functions that perform calculations specifically with numerical inputs
Number

Excel functions that perform calculations specifically with numerical inputs

AVERAGEIFS

Array

AVERAGEIFS accepts Array as input types Excel functions that specifically work with array inputs for calculations Click to see all.

Range

AVERAGEIFS accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.

SUMIFS

Range

SUMIFS accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.

Array

SUMIFS accepts Array as input types Excel functions that specifically work with array inputs for calculations Click to see all.

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

PMT

Accurate Calculations

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability Click to see all.

Reliable

AVERAGEIFS

Flexible Criteria Selection

Multiple Condition Support

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn Click to see all.

Multiple Conditions Support

Excel functions handling multiple conditions enable complex logical operations and flexible data filtering Click to see all.

Flexible Range Selection

Functions that enable selecting dynamic ranges and cell references flexibly Click to see all.

Easy To Use With Multiple Criteria

Functions that handle multiple conditions efficiently Click to see all.

Versatile For Complex Analysis

SUMIFS

Multiple Conditions

Accurate Calculations

Flexible For Multiple Criteria

Handles Large Datasets

Functions optimized for processing and analyzing large amounts of data efficiently Click to see all.

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn Click to see all.

Multiple Conditions Support

Excel functions handling multiple conditions enable complex logical operations and flexible data filtering Click to see all.

Accurate Results

Functions that provide precise and reliable computational results Click to see all.

Flexible

Versatile Conditional Summing

Excel functions that can perform flexible conditional sum calculations based on multiple criteria Click to see all.

Supports Multiple Criteria

Powerful For Multiple Criteria

Flexible Conditions
Cons ❌

Limitations and potential drawbacks of the Excel function

PMT

Negative Number Output

Complex Parameters

AVERAGEIFS

Complex Syntax

Limited Data Type Support

Functions that work with only specific data types, restricting versatility Click to see all.

Can Be Slow With Large Datasets

Functions that process large amounts of data may significantly impact spreadsheet performance Click to see all.

Limited To Numeric Values Only

Limited To Numerical Data Only

Requires Careful Range Selection

SUMIFS

Complex For Beginners

Needs Sorted Data

Functions that only work correctly when the data is pre-sorted in a specific order Click to see all.

Complex Syntax For Beginners

Limited To Sum Operations

Performance Issues With Large Ranges

Cannot Use OR Conditions

Complex Syntax

Can Be Slow With Large Datasets

Functions that process large amounts of data may significantly impact spreadsheet performance Click to see all.

Limited To Sum Operation Only

Functions that can only add values without other mathematical operations Click to see all.

Requires Sorted Data

Ratings Comparison

Ease of Use Score 📊

User-rated score for function's ease of use

PMT

8

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.

AVERAGEIFS

7.5

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.

SUMIFS

7.5

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.
Versatility Score 📈

Rating for function's adaptability to different scenarios

PMT

7.5

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.

AVERAGEIFS

8.5

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.

SUMIFS

8.5

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.
Performance Score ⚙

Rating for function's execution speed and efficiency

PMT

9.5

Rating for function's execution speed and efficiency (25%) Functions with higher performance scores execute faster and use system resources more efficiently. Click to see all.

AVERAGEIFS

8

Rating for function's execution speed and efficiency (25%) Functions with higher performance scores execute faster and use system resources more efficiently. Click to see all.

SUMIFS

8

Rating for function's execution speed and efficiency (25%) Functions with higher performance scores execute faster and use system resources more efficiently. Click to see all.
Reliability Score 🛠

Rating for function's consistency and error handling

PMT

9.5

Rating for function's consistency and error handling (25%) Functions with higher reliability scores produce more consistent results and handle edge cases better. Click to see all.

AVERAGEIFS

9

Rating for function's consistency and error handling (25%) Functions with higher reliability scores produce more consistent results and handle edge cases better. Click to see all.

SUMIFS

9

Rating for function's consistency and error handling (25%) Functions with higher reliability scores produce more consistent results and handle edge cases better. Click to see all.
Score ⭐

Overall rating combining all scoring attributes

PMT

8.6

The overall score for PMT is 8.6. Click to see all.

AVERAGEIFS

8.2

The overall score for AVERAGEIFS is 8.2. Click to see all.

SUMIFS

8.2

The overall score for SUMIFS is 8.2. Click to see all.

Alternatives to PMT

Known for Multiple Criteria Counting

📊 is easier to use than AVERAGEIFS

📈 is more versatile than AVERAGEIFS

⚙ performs better than AVERAGEIFS

⭐ is rated higher than AVERAGEIFS

Known for Position Finding

🔢 needs fewer arguments than AVERAGEIFS

Known for Conditional Sum Calculations

📊 is easier to use than AVERAGEIFS

Known for Multiple Criteria Max

🔢 needs fewer arguments than AVERAGEIFS

📊 is easier to use than AVERAGEIFS

⚙ performs better than AVERAGEIFS

⭐ is rated higher than AVERAGEIFS

Known for Conditional Average Calculations

📊 is easier to use than AVERAGEIFS

⚙ performs better than AVERAGEIFS

🛠 is more reliable than AVERAGEIFS

⭐ is rated higher than AVERAGEIFS

Known for Linear Trend Prediction

🔢 needs fewer arguments than AVERAGEIFS

Known for Finding Most Frequent Value

📊 is easier to use than AVERAGEIFS

⚙ performs better than AVERAGEIFS

⭐ is rated higher than AVERAGEIFS

Known for Counting Numeric Cells

📊 is easier to use than AVERAGEIFS

⚙ performs better than AVERAGEIFS

🛠 is more reliable than AVERAGEIFS

⭐ is rated higher than AVERAGEIFS

Known for Matrix Multiplication Calculations

📊 is easier to use than AVERAGEIFS

📈 is more versatile than AVERAGEIFS

⚙ performs better than AVERAGEIFS

🛠 is more reliable than AVERAGEIFS

⭐ is rated higher than AVERAGEIFS

Known for Finding Nth Smallest Value

📊 is easier to use than AVERAGEIFS

⚙ performs better than AVERAGEIFS

⭐ is rated higher than AVERAGEIFS

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