The excel waterfall chart is actually a special type of Excel column chart. It is regularly used to determine how the starting position either increases or decreases through a series of changes. The waterfall chart template is also familiar by many other names like waterfall chart, bridge chart, bridge graph, cascade graph, flying bricks graph, Mario graph, due to its resemblance to the video game, and net profit waterfall chart. This accomplished chart is a good way to provide a rapid visual into positive and negative changes to a value over a period of time.
Waterfall Chart Template
In a waterfall chart, the initial and final values are shown as columns with the individual negative and positive adjustments depicted as floating steps. Some of the waterfall charts are associate the lines between the columns to make the chart look like a bridge, while others leave the columns floating.
How to use Waterfall Chart
The use of waterfall charts is helpful for a variety of schemes, from visualizing financial statements to navigating large amounts of census data. Here are some examples of situations where you might want to use a waterfall chart:
- Calculate company profit.
- Comparing product earnings.
- Highlighting budget changes on a project.
- Analyzing inventory or sales over a period of time.
- Showing product value over a period of time.
- Visualizing profit and loss statements.
- Creating executive dashboards.
- Tracking consulting jobs.
- Keeping track of retail inventory.
- Documenting contracts.
- Demonstrating how operating costs have changed from one time period to another.
- Contrasting competitors.
How to use Waterfall Chart in Business
The use of waterfall charts initiates as a way to track monetary achievement over time and have become a pillar of financial industries and departments. However, more and more industries, as well as departments within those industries, are finding it useful to adopt waterfall charts to track and present performance. These include the following:
- Sales companies and teams
- Developers and IT professionals
- Retailers and e-commerce companies
- Legal departments and lawyers
- Construction companies
- Educators and exam-scoring companies
Benefits of Waterfall Charts
The waterfall charts are easy to create and a very simple visual format that presents your data in an impressive manner, which is why they have become increasingly popular in recent years. There are some benefits of using waterfall charts as well. Here are some examples of advantages you can enjoy:
- Customize the presence of your waterfall charts, as you would with any other chart.
- Make them as simple and bare-bones or as complex as you like.
- Setup them for analytical purposes, especially to explain or present the gradual changes in the value of an item.
- Study a wide variety of data, such as inventory analysis or performance analysis.
- Demonstrate how you have arrived at a net value, by breaking down the cumulative effect of positive and negative contributions.
Download Waterfall Chart.