Explanation
Times in Excel are fractional values of the number 1.
So, 12 PM is 12/24 = .5, 6:00 AM is 6/24 = .25, and so on.
greater than 24 hours).
Even better, if we end up with a negative fractional value, MOD returns the reciprocal.
So, if we end up with -.25, MOD returns .75 (equivalent to 6 PM).
This is important, because Excel won’t display negative time values.
These values include both a serial number to represent the date, plus a fractional value to represent time.
For example, MOD(10,3) = 1.
The result of MOD carries the same sign as the divisor.