Dax Function: CLOSINGBALANCEQUARTER
Category: Time Intelligence Functions
The CLOSINGBALANCEQUARTER function in Power BI evaluates an expression at the last date of the quarter in the current filter context. It is a Time Intelligence function that simplifies calculations requiring quarterly closing values.
Purpose of the Function
The primary purpose of the CLOSINGBALANCEQUARTER function is to compute the closing value of a measure or expression at the quarter’s end. It is particularly useful in financial, sales, and inventory analysis.
Type of Calculations
- Evaluates a measure or expression for the last date of the quarter.
- Performs Time Intelligence calculations to align with the quarterly period in the data model.
- Computes values such as balances, totals, or status metrics at quarter-end.
Practical Use Cases
- Financial Reporting: Determine the quarterly closing balance for accounts.
- Sales Tracking: Evaluate total sales at the end of each quarter.
- Inventory Management: Assess inventory levels on the last day of each quarter.
CLOSINGBALANCEQUARTER(<expression>, <dates>, [<filter>])
| Parameter | Type | Description |
|---|---|---|
expression | Scalar | The DAX expression or measure to evaluate, such as sales or balance. |
dates | Column | A column containing date values, typically from a date table. |
[filter] | Optional | Additional filters to modify the calculation context. |
How Does CLOSINGBALANCEQUARTER Dax Function Works?
- Identifies the last date of the quarter within the current filter context using the provided date column.
- Evaluates the specified expression using this date as a reference.
- Applies any additional filters if provided.
Mathematical Principle:
The function leverages the date hierarchy and calculates the measure at the last valid date in the quarter.
What Does It Return?
The function returns a scalar value that represents the evaluated result of the given expression on the last date of the quarter.
When Should We Use It?
- Use
CLOSINGBALANCEQUARTERfor reporting metrics that are critical at quarter-end. - Suitable for dashboards requiring periodic performance snapshots.
- Ideal for any calculation tied to fiscal or calendar quarters.
Examples
Basic Usage
Closing Quarterly Sales = CLOSINGBALANCEQUARTER(SUM(Sales[Amount]), Dates[Date])
This formula calculates the total sales at the last date of each quarter.
Column Usage:
Closing Quarterly Inventory = CLOSINGBALANCEQUARTER(SUM(Inventory[Stock]), Dates[Date])
Tracks inventory levels at quarter-end.
Advanced Usage
Closing Quarterly Profit = CLOSINGBALANCEQUARTER([Net Profit], Dates[Date], FILTER(Region[Country], Region[Country] = "USA"))
Evaluates the closing profit for the USA by applying a specific region filter.
Tips and Tricks
- Ensure the
datescolumn is part of a properly configured date table with continuous dates. - Use in conjunction with other Time Intelligence functions for comprehensive temporal analysis.
- Apply filters carefully to narrow the context when working with segmented datasets.
Pitfalls:
- Errors may occur with improperly configured date tables.
- Non-continuous or incomplete date ranges can lead to unexpected results.
Performance Impact of CLOSINGBALANCEQUARTER DAX Function:
- Optimize the performance by using indexed date columns and filters.
- Large datasets with high cardinality may require additional performance tuning.
Related Functions You Might Need
CLOSINGBALANCEMONTH: Evaluates the expression at the last date of the month.CLOSINGBALANCEYEAR: Computes the closing balance at year-end.TOTALQTD: Aggregates the value for the quarter-to-date period.ENDOFQUARTER: Returns the last date of the quarter.
Want to Learn More?
For more information, check out the official Microsoft documentation for CLOSINGBALANCEQUARTER. You can also experiment with this function in your Power BI reports to explore its capabilities.
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It evaluates a measure or expression at the last date of the quarter within the current context.
No, a properly configured date table is required for accurate calculations.
CLOSINGBALANCEQUARTER evaluates an expression, while ENDOFQUARTER simply retrieves the last date of the quarter.
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