A beautiful, and easy to understand chart always make your excel dashboard stand out. Excel Speedometer or Gauge graph is one of the most popular chart types that attract managers. It’s easy to understand. It visualizes achievement or growth rate creatively.
I read many articles about how to create the Speedometer graph in excel, but none of them were explaining it easily. This article focuses on an easy explanation about creating a speedometer graph in excel. So, sit tight, and let’s get started.
And yes, you can download the file below.
Here, I have to show everyday target achieved in speedometer chart.
1: Speedometer will have markers such as Poor, Average, and Good. We need to prepare as shown below. The first marker is 0 for the starting point. Next is for poor performance which is to 30%. The next marker is for average that is from 31% to 70%. Its value is 40% (70%-30%). The next marker is good that is for >70%. Its value is 30% (70%-40%). The last tag is 100% and it will be invisible in the chart.
The invisible part should be equal to some of the markers. 30+40+30=100.
2: Now select the markers and go to Insert --> charts --> Donut and plot a donut chart.
3: Right on the donut chart and click on the format data series.
4: Now we need the needle that will show how much target is achieved. Prepare this data.
The 50% is an achievement point that will be shown on the speedometer or gauge. Of course, it is meant to change. 2% is pointer width. It is for the thickness of the needle in the speedometer. The End is a calculated value that is equal to (200% - (Achieved+width)).
5: Now right-click on the chart, and click select data.
6: In Legend Entries (Series): click on Add. In the series name: click on pointer. It is optional, you may leave it. In the Series Value, give reference to the data we prepared.
Add a text box or shape. Click text box, go to the formula bar and click on. Write = and give reference to achievement.
Now, whenever the achievement changes needle will move. But you may not want to show this data to the end user. It is better to place this data into the sheet where it is not visible to the end-user. Let's place this data at the Z column.
Your speedometer is ready. You can now formate it to suit you or your organization.
So now you have a gauge chart now to rock your excel dashboard and PowerPoint reports. Hope this was helpful. If you want to learn more creative chart in excel, keep in touch. If you have any other chart ideas, do share them in the comment box below.
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