MINUTE
Only the fraction part of the number is used as it is this which relates to time of day.
=MINUTE(Number)
The result will be shown as a normal number between 0 and 59.
Example
The =REPT() function has been used to make a digital display for the current time.
The time functions of =HOUR(), =MINUTE() and =SECOND() have been used in conjunction
with the =NOW() as the basis for the number of repeats.
To update the clock press the function key F9.