PRODUCT

Returns the product of all the numbers in a column.

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What it does?

Returns the product of all the numbers in a column.

Syntax

PRODUCT([Column])

Returns

A decimal number.

What is the PRODUCT Function?

The PRODUCT function in DAX acts like a mathematician, taking numbers from a column and multiplying them together to give you a single result. Whether you’re dealing with sales data, inventory, or any set of numbers, PRODUCT helps you find the overall multiplication of those values! 🔢✨

Example 1: Multiplying Pizzas for a Party

Imagine you’re planning a pizza party, and you need to calculate how many pizzas you’ll have in total if you multiply. Your friends bring different quantities and types. Here’s how your data might look:

PizzaOrder table

Pizza Type

Pizza Ordered

Cheese

2

Pepperoni

3

Supreme

1

Hawaiian

4

To find the total number of pizza slices, you’d use the PRODUCT function like this:

Total Pizza Slices = PRODUCT(PizzaOrder[Pizzas Ordered])

So, what’s the total?

2 x 3 x 1 x 4= 24

You’ll have 24 pizzas ready to enjoy! 🍕🎉

Example 2: Total Investment Growth

Imagine you’re evaluating the growth of different investments over a series of years, each with a specific growth factor. Here’s how your data might look:

Investment Growth Table

Investment Type

Growth Factor

Stock A

1.05

Stock B

1.08

Stock C

1.03

Stock D

1.10

 

To find the overall growth factor of your investments over these years, you would use the PRODUCT function like this:

Total Growth Factor = PRODUCT(InvestmentGrowth[Growth Factor])

In this scenario, the calculation would be:

  • Total Growth Factor = 1.05 x 1.08 x 1.03 x 1.10

Calculating this gives:

  • Total Growth Factor = 1.05 x 1.08 = 1.134
  • Then, 1.134 x 1.03 = 1.167
  • Finally, 1.167 x 1.10 = 1.284

To interpret this as a percentage increase, you would calculate:

  • Percentage Increase = (Total Growth Factor -1) x100
  • Percentage Increase = (1.284 -1) x 100 = 28.4%

This means that over the specified period, your investments would have grown by approximately 28.4%. 💰📈🎉

Conclusion: Multiply Your Financial Insights with PRODUCT!

The PRODUCT function in DAX is valuable for calculating the compounded growth of investments or any scenario where multiple factors need to be multiplied together. Understanding how to use PRODUCT can help you gain deeper insights into your financial data. Let’s explore those numerical relationships! 🎊📈