What does this formula mean?

i was cracking my head for a formula (solution) to my problem

I was trying to nest COUNTIFS into IF statement, but before I really cracked my head on how to combined it, I just miraculously hit enter and it showed me this

=COUNTIFS($C$716:$C$3162,C716,$D$716:$D$3162,"Piccolo - Anthracite")*IF(K716="Capsules",E716,"0")

First, I entered =IF(K716="Capsules",E716,"0")

Then, I entered =COUNTIFS($C$716:$C$3162,C716,$D$716:$D$3162,"Piccolo - Anthracite") IF(K716="Capsules",E716,"0") [WITHOUT THE ASTERISK]

Then, I hit enter it auto populates the ASTERISK in between the COUNTIFS and IF statement, and miraculously solved my problem LOL.

Wonder what does that formula mean?

It counts if the values in C are c715 and D are "piccolo - Anthracite" if k7716="Capsules" it multiplies the result by E717. Otherwise it returns 0 although it would be better if it was written *IF(K716="Capsules",E716, 0)