By using our website, you agree to the collection and processing of your data collected by 3rd party. See GDPR policy

Compact mode

PMT vs MAXIFS vs SUMIF

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.

MAXIFS

Mathematical

MAXIFS belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.

SUMIF

Mathematical

SUMIF 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

For whom 👥

Target user groups who would benefit most from using this Excel function

For all*

Financial Professionals

Excel functions essential for financial analysis and planning

PMT

Accountants

PMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.

MAXIFS

Data Analysts

MAXIFS is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.

SUMIF

Data Analysts

SUMIF is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
Purpose 📝

Primary purposes and use cases of the Excel function

PMT

Financial Calculations

PMT is used for Financial Calculations. Excel functions designed for financial analysis and monetary calculations Click to see all.

MAXIFS

Data Analysis

MAXIFS is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.

SUMIF

Data Analysis

SUMIF is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.

Conditional Logic

SUMIF is used for Conditional Logic. Functions used for conditional calculations and logic operations Click to see all.

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.

MAXIFS

Multiple Criteria Max

MAXIFS is known for Multiple Criteria Max.

SUMIF

Conditional Sum Calculations

SUMIF is known for Conditional Sum Calculations.

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.

MAXIFS

Excel 2016

MAXIFS was created in Excel 2016. Functions that came with Excel 2016 version Click to see all.

SUMIF

Excel 95

SUMIF was created in Excel 95. Functions that came with Excel 95 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

MAXIFS

Can handle up to 127 criteria pairs

SUMIF

Originally created for financial reporting
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PMT

The function that reminds you of your debts

MAXIFS

Like finding the tallest person who likes both pizza and sushi

SUMIF

Makes counting look complicated when simple math would do

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

MAXIFS

Array

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

SUMIF

Array

SUMIF 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.

For all*

Excel 2016

Excel functions that work specifically in Excel 2016 version

PMT

Excel 2019

PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 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.

MAXIFS

Microsoft 365

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

SUMIF

Excel 2019

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

Excel 2013

SUMIF is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 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

PMT

Web Excel

PMT runs on Web Excel Excel functions available in web-based versions 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.

MAXIFS

3

MAXIFS needs 3 required arguments Click to see all.

SUMIF

2

SUMIF needs 2 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

MAXIFS

Range

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

Text

MAXIFS accepts Text as input types Excel functions specialized in text string manipulation and processing Click to see all.

SUMIF

Range

SUMIF accepts Range as input types Excel functions that operate on cell ranges 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

MAXIFS

Multiple Condition Support

Array Handling

Functions that efficiently process arrays and ranges of data Click to see all.

Efficient Processing

SUMIF

Easy To Use

Versatile For Filtering Sums

Excel functions that excel at calculating sums with various filtering options Click to see all.

Clear Syntax
Cons ❌

Limitations and potential drawbacks of the Excel function

PMT

Negative Number Output

Complex Parameters

MAXIFS

Requires Sorted Data

Limited To Numbers

Functions that can only process numerical values and cannot handle text or dates Click to see all.

SUMIF

Limited To Single Condition

Can Be Slow With Large Datasets

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

Ratings Comparison

Alternatives to PMT

Known for Multiple Condition Sum

Known for Multiple Criteria Counting

📈 is more versatile than MAXIFS

⭐ is rated higher than MAXIFS

Known for Multiple Criteria Based Average

Known for Position Finding

Known for Counting With Conditions

Known for Database Sum Operations

Known for Filtered Data Calculations

📈 is more versatile than MAXIFS

⭐ is rated higher than MAXIFS

Known for Advanced Calculations With Options

📈 is more versatile than MAXIFS

⚙ performs better than MAXIFS

🛠 is more reliable than MAXIFS

⭐ is rated higher than MAXIFS

Known for Basic Arithmetic Calculations

📊 is easier to use than MAXIFS

⚙ performs better than MAXIFS

🛠 is more reliable than MAXIFS

⭐ is rated higher than MAXIFS

Known for Matrix Multiplication Calculations

📊 is easier to use than MAXIFS

📈 is more versatile than MAXIFS

⚙ performs better than MAXIFS

🛠 is more reliable than MAXIFS

⭐ is rated higher than MAXIFS

Contact: [email protected]