Yes, but only if your goal is exactly 2 decimal places . Your function: formatNumberWithDecimal(12.345) returns: "12.345" while: (12.345).toFixed(2) returns: "12.35" because toFixed(2) rounds and always produces exactly 2 decimal digits. If you want exactly 2 decimals You can replace the whole function with: export function formatNumberWithDecimal(num: number): string { return num.toFixed(2); } Examples: formatNumberWithDecimal(12); // "12.00" formatNumberWithDecimal(12.5); // "12.50" formatNumberWithDecimal(12.34); // "12.34" formatNumberWithDecimal(12.345); // "12.35" If you want at least 2 decimals but preserve extra precision Then toFixed(2) is not a replacement. Examples: Input Current Function toFixed(2) 12 12.00 12.00 12.5 12.50 12.50 12.34 12.34 12.34 12.345 12.345 12.35 So whether toFixed(2) can replace it depends on the intended behavior. Most applications that display prices, currency, percentages,...