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Default Excel data in text, wont update to time format

Hello, i have a problem with excel field formatting. The data is in text
format, but i need it to be in time format. When i select a field and select
time as formatting then it doesnt updatete the field and i still cant sum the
fields. It only updates the field when i select a field, put the cursor at
the end of the data and press enter.Then it sums, but when there are millions
of fields this isnt rational. How to make excel updatate field formatting.
Thank You
 
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