TIMEVALUE
TIMEVALUE returns the internal time number from a text string enclosed by quotes and which may show a possible time entry format.
This function is part of the Open Document Format for Office Applications (OpenDocument) standard Version 1.2. (ISO/IEC 26300:2-2015)
The internal number indicated as a decimal is the result of the date system used by Office to calculate date entries.
If the text string also includes a year, month, or day, TIMEVALUE only returns the fractional part of the conversion.
Syntax
TIMEVALUE("Text")
Text is a valid time expression and must be entered in quotation marks.
Example
=TIMEVALUE("4PM") returns 0.67. When formatting in time format HH:MM:SS, you then get 16:00:00.
=TIMEVALUE("24:00") returns 0. If you use the HH:MM:SS time format, the value is 00:00:00.