The CEILING.PRECISE function is categorized under Excel Math and Trigonometry functions. It will round up a number to the nearest integer or multiple of significance.
As a financial analyst, we can use CEILING.PRECISE in setting the pricing after currency conversion, discounts, etc. When preparing financial models, it helps us round up the numbers per a requirement.
CEILING.PRECISE was introduced in MS Excel 2010 to replace the CEILING function. It was subsequently replaced by the CEILING.MATH function.
Syntax: =CEILING.PRECISE(number, [significance])
The CEILING.PRECISE function syntax has the following arguments:
- number: The number that you wish to round up.
- significance: (Optional) It is the multiple of significance that you wish to round a number to.
Example: Let’s look at some Excel CEILING.PRECISE function examples and explore how to use the CEILING.PRECISE function as a worksheet function in Microsoft Excel:
Based on the Excel spreadsheet above, the following CEILING.PRECISE examples would return: