Excel Formula Breakdown

Formula Overview

The formula you provided is as follows:

=VLOOKUP($A43, INDIRECT("'Odoo "&TEXT(X$6,"yyyy-mm-dd")&"'"&"!$A$2:$N$2000"), 5, FALSE)

This formula performs a vertical lookup in a dynamically referenced worksheet.

Components of the Formula

1. $A43: This is the lookup value. It is a specific cell reference that contains the value you want to find in the first column of the lookup range.

2. INDIRECT: This function converts a text string into a valid cell reference. In this case, it dynamically constructs the reference to another worksheet based on the value in cell X6.

3. "'Odoo "&TEXT(X$6,"yyyy-mm-dd")&"'":

   • TEXT(X$6, "yyyy-mm-dd") converts the date in X6 to a specified format (year-month-day).
   • This is concatenated with the string "Odoo " to construct the sheet name.
   • The sheet name is wrapped in single quotes in case it contains spaces.

4. "!$A$2:$N$2000": This specifies the range in the target sheet to search. It covers columns A through N from row 2 to 2000.

5. 5: This indicates which column of the range to return the value from, where 1 is the first column, 2 is the second, and so on. In this case, it returns the value from the 5th column.

6. FALSE: This specifies that the lookup must find an exact match.

Explanation of Functionality

• The formula first constructs the sheet name based on the value in cell X6.
• It uses VLOOKUP to search for the value in $A43 within the dynamically referenced range.
• If found, the function returns the corresponding value from the specified column (5th column) in the defined range.

Practical Example

Assume the following:

• Cell A43 contains the product ID 12345.
• Cell X6 contains the date 2023-10-01.
• There exists a worksheet named Odoo 2023-10-01.
• In the range column A (where the lookup occurs), the product ID 12345 is located in row 10, and the value in the 5th column of that row (column E) is Product Name.

When the formula is executed:

• INDIRECT resolves to 'Odoo 2023-10-01'!$A$2:$N$2000, referencing the data on that sheet.
• VLOOKUP searches for 12345 in column A of that range and finds it in row 10.
• It returns the value in the 5th column of that row, which is Product Name.

Conclusion

This Excel formula effectively combines the use of VLOOKUP and INDIRECT to perform a dynamic lookup based on user-defined parameters, allowing for flexibility in referencing various sheets. This is particularly useful for managing datasets that update frequently or have time-based references.

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