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the text formula is commonly used for the conversion of number to text in a certain format normally the text formula is used to customize format cells in terms of actual needs to realize it we need to adjust the second parameter of the formula which stands for format text to be set the complete text formula is equals text value format text in this example the number 2.012584 which equips with six decimal places entered cell a2 how can we convert it into a value with only three decimal places first of all select cell c2 second click insert function in the formula tab and choose the text formula from the pop-up dialog this step can insert the text formula into cell c2 here value corresponds to the number in a2 while a format text means the expected format for the target value in this example select cell a2 when the value box is in editing status then enter 0.000 as the target format in the format text box which means the target value will present as a number with three decimal pl