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This causes some additional overhead when your VBA code is executed especially if this variable is used often in your code: A known way to improve Excel VBA speed and efficiency, especially fore large Excel files, is to save your Workbooks in binary XLSB format.
To read more on the benefits read my post on the XLSB format.
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Below are two basic code examples to copy the Active Sheet to a new Workbook and save it in a format that matches the file extension of the parent workbook.
The second example use Get Save As Filename to ask you for a file path/name.
There is also a hack to Create an Additional VBA Thread.
The Performance Module contains: Are you sure you need VBA (Visual Basic for Applications) to solve your problem? Check out my Do you really need Visual Basic for Applications macro for that?
I usually use a procedure I defined which I named “Optimize VBA”.