On this page of Benford's Law Stocks.com we present our study of HOULIHAN LOKEY, INC. — ticker symbol HLI. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 8/7/2019 to 5/21/2024 for HOULIHAN LOKEY, INC. under CIK number 0001302215. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for HLI, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for HOULIHAN LOKEY, INC. based on the past HLI filings our system processed in the past.
32.1
14.4
11.7
7.7
10.1
8.6
6.2
5.4
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, HLI stockholder letter ]
Total numbers found: 912
Recent share count: 52,365,154 (5's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
912
High count compared to other filers, with HLI falling in the highest quartile of filers. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
95

Starting from a possible score of 100, we made the following score deductions:
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 5, we canceled the penalty multiplier.
 • We deducted points upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 6's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
HLI
High score compared to other filers, with HLI falling in the highest quartile of filers.
GES
GNW
HT
INVH
GIS
GPC
HSY
HXL
Check our work! We provide our HOULIHAN LOKEY, INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the HLI filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 293 numbers that start with the digit 1. Here they are:
16,055,481
199,630
182,029
192,012
115,045
17,693
104,941
136,701
1,127,497
1,087,784
197,439
114,171
113,421
1,334,009
1,355,517
1,000,000,000
1,000,000,000
16,746,676
18,048,345
17
18
1,163,419
1,033,072
1,836,750
1,613,297
1,914,404
1,809,447
1,213,589
1,147,879
1,408,634
1,551,543
1,467,709
1,657,094
17,738
110,238
165,614
19,467
16,951,696
17
1,383,561
14,182
14,185
115,624
115,624
1,874,009
1,874,009
17,649,555
18
1,443,705
17,649,555
18
1,443,705
16,773
16,775
151,769
151,769
143,374
143,374
1,455,908
1
1,455,908
1
1
19,467
19,467
19,467
18,048,345
18
1,033,072
1,613,297
18,048,345
18
1,033,072
1,613,297
1,767,036
1
160,846
160,846
149,954
149,954
1,942,078
1
1,942,078
1
1,126,627
1
16,746,676
17
1,163,419
1,836,750
10,373
166,595
156,936
14,128
11,596
18,036
14,895
189,534
150,721
11,943
15,289
136,273
11,278
19,230
101,562
11,458
197,324
148,454
140,384
114,806
12,065
16,784
119,258
13,154
14,500
19,343
11,933
1,000
105,056
156,786
15,000
192,952
175,023
192,012
115,045
16.8
15,833
15,833
12,990
12,990
184
184
184
16,071
110
15,833
118
1,033
1,325
13,400
15
12,990
184
14,395
13,274
14,899
14,395
10,178
19,508
144,996
107,156
12,282
12,086
156,339
136,701
17,782
13,250
14,600
1,127,497
1,087,784
192,210
192,210
1,418,604
1,373,911
1,324,936
1,291,154
10,754
162,815
162,815
1,087,784
1,127,497
100.0
10
1.00
10
18
105
12.9
18.1
14.5
19,467
19,467
110,238
165,614
134,054
16,116
1,875
14,116
1,605
1,092
18,348
110,238
165,614
126,826
16,609
1.5
10,654
1.8
1.9
1.2
1,389
11,184
110,238
165,614
109,416
115,584
1,243
1,641
12,386
164,308
143,318
104,397
10,072
1,023
15,800
14,825
14,825
18,654
1,258
15,800
14,825
12,526
10,640
1,039,535
1,175,311
123,373
1,244,902
1,655,390
16,950
14,349
1,621
11,971
1,806
17,184
1,014,641
12,454
1,038,503
14,275
1,050,646
166,595
156,936
12.2
10,000,000
10,000,000
1,942,078
1,455,908
16,746,676
18,048,345
18,608
103.68
153,442
19,493
18,556
182
1,059
194,656
11,799
1,106,826
1,127,126
1,593,083
1,914,404
1,809,447
194,116
121,618
100,882
182,422
17,738
1,147,432
1,015,760
192,185
196,289
178,148
170,627
165,395
155,853
1,510,244
1,377,444
1,328,624
1,660,515
1,591,370
1,558,186
134,067
101,077
179,580
1,344,305
1,289,365
1,690,708
1,914,404
1,809,447
1,957,454
1,861,296
1,213,305
1,107,518
We found 131 numbers that start with the digit 2. Here they are:
203,370
2,968,814
2,968,814
2,269,958
22,465
28,536
27,678
280,301
254,223
280,301
254,223
23,171
276,507
234,756
20,176
2
2
23,171
23,171
23,171
2,485,582
2
254,223
254,223
254,223
234,756
239,100
280,301
280,301
280,301
276,507
280,301
254,223
20,470
26,609
28,536
2,131
23,828
25,958
23,192
20,427
273,914
24,952
280
2,488
250,585
240,462
2,000
224
244,162
242,031
28.4
284
28,869
21,641
21,641
23,617
23,617
22,318
21,641
24,936
23,617
21
2,334
29,672
205,010
200.0
2.8
2.88
2.75
2.00
28.2
21.5
27.4
236,682
2,856
20,470
21.0
21.0
21.0
20,027
2.0
2.4
2.9
2.5
28.2
21.5
27.4
2,313
2,443
259,253
251,091
246,867
247,715
22,755
2,313
2,443
2,233
280,301
254,223
2,744,605
2,689,459
2,266,088
2,676
2,664
2,159
24,138
266,883
298,100
22,883
240,666
24,952
21
211
21,114
20,376
285,594
286,588
284,057
2,269,958
208,210
215,343
27,678
2,968,814
2,886,810
256,472
222,923
2,269,958
2,032,390
2,968,814
2,886,810
We found 107 numbers that start with the digit 3. Here they are:
373
38,005
37,309
32,856
344,024
333,877
3,170,759
33,139
374,869
37,751
3,170,759
32,940
38,349
362,861
341,738
390,539
324,000
3,794
3.76
3,107,424
3
3,272,399
3
337,791
337,794
31,132
31,133
3,794
3,794
3,794
3,446
3,718
3,680
32,908
31,508
37,742
32,014
328,458
3,856
360,996
3,004
304,793
33,741
38.3
35
373
33,139
37
32,937
38,005
38,005
37,125
37,309
348
38,920
38,005
39,622
37,309
31,328
30,439
33,379
31,055
38,920
38,005
39,622
37,309
33,937
39,713
39,713
3,794
3,794
32,814
3,498
3,446
31,559
3,990
3.5
31,557
3,376
3,821,415
3,289,421
3.76
33,741
352,267
3,411
3
38,475
34,319
367,607
33,700
3,272,399
308,746
327,287
37,490
390
34,341
37,233
395,733
392,818
302,533
354,075
390,539
324,000
3,170,759
390,539
324,000
3,170,759
4's 5's 6's
We found 70 numbers that start with the digit 4. Here they are:
40,695
415,412
47,747
48,537
41,714
49,077
49,648
438,324
437,751
414,580
4.36
4.01
4.11
477
477
437,751
437,751
437,751
414,580
49,853,564
43,347
49,853,564
43,347
438,324
4,228
48,537
42,269
48,659
42,283
477
459,060
425
4,270
40,695
425
44,971
4,926
4.0
4.5
4.0
43,347
40,838
4,819
44,060
4
43,434
443
4,102
437,751
4,227,855
4.36
4.01
4.11
42,283
47.77
4,314,375
4,519,024
4,344
4,269
40,702
46,430
457.7
455,402
42,283
41,348
49,616
48,914
415,412
4.7
424,358
We found 92 numbers that start with the digit 5. Here they are:
5.51
52,528,157
5,622
544
52,348,511
50,638,924
52
51
51,082
55,838
58,221
54,125
58,796
573
51,245,442
51
535,556
50
564,761
50
564,761
570
570
50,638,924
51
50,638,924
51
587
587
52,348,511
52
58,221
50,731
5,917
539
587
570
5,176
5,955
579
5,904
55
531
531
518
518
531
531
584
518
518
5,308
50
58
58,568
52,088
5.1
5.1
5.2
5,040
51,246
5,858
576
5.9
5,294
51.37
59.77
5,281,779
5,318
57,721
55.57
53.80
50,556
52,283,576
50,580,598
58,326
500.0
507,511
58,073
51,484
50,205
568,854
57,436
55,838
5.3
521,984
571,071
557,081
570,099
520,082
579,250
57
We found 78 numbers that start with the digit 6. Here they are:
619
6,132
60,111
642,970
66,608
62,814
65,298
60,168
67,624
612,864
603,938
69,777
64,337,975
63,358,408
64,970,287
68,159,390
67,586,263
68,259,708
6.74
6.41
600,096
6,512
6,739
677,287
630,884
642,970
62,814
642,970
62,814
6,609
66,608
6,429
6,756
6,254
66,730
6,679
6.5
619
6,678
685
6
6,243
6,254
6,429
6,760
68,309
67,994
62,814
66,608
69,777
66,529
6,143
632
69,777
68,040
6
69,777
6,051
69,978
64,337,975
63,358,408
64,970,287
68,159,390
67,586,263
68,259,708
6.74
6.41
61.14
66.32
63.75
6,540,659
6,609
6,739
64,935
677,287
606,268
603,938
603,938
7's 8's 9's
We found 57 numbers that start with the digit 7. Here they are:
721,235
714,439
726,031
765,877
7,505
739,870
76,079
739,870
71,068
7,264
7,104
77,477
7,556
736,604
70,406
70,713
7,053
7,042
714,812
721,854
714,812
7,238
721,235
714,439
721,854
714,812
7,006
7,191
768
7,592
7,566
7,264
7,411
79
73,223
71,068
7,922
7
7,468
7,421
71,575
70,657
72,218
7,931
73.19
7,468
70,713
71.42
79.00
79.57
74.28
7,022
772,794
70,713
76,081
74,422
795,286
We found 49 numbers that start with the digit 8. Here they are:
8,767
8,773
88,345
83,609
8,926
803,573
84,320
84,320
876
807
83,609
87,384
8,680
834,070
847,224
834,070
8
8,088
88,345
82,757
833,254
872,967
81
88
89,768
82,013
8,044
87,219
81,153
8,735
82,559
84.55
87.60
8,044
82.45
80,154
84.78
87.60
84.05
83.37
84.55
87.60
843,730
8.0
85.74
81,388
88,136
8,926
854,420
We found 35 numbers that start with the digit 9. Here they are:
90,064
90,677
922,223
922,223
90,903
90,904
95,665
95,666
91,875
9,955
9,044
9,972
98,897
93,917
93,668
91,715
91,715
9.0
9,133
9,396
9,577
9,978
933
9,139
96.20
95.27
96.82
95.46
94,286
94.38
91.07
95.09
91,875
94.35
994,623
While the above HLI 10K Filed 5/21/2024 is interesting in isolation, we have found that it is also useful to take a look at older HOULIHAN LOKEY, INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10K Filed 5/21/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical HLI 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

32.1
14.4
11.7
7.7
10.1
8.6
6.2
5.4
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 912

= Typical HLI range from 8/7/2019 to 5/21/2024
31.1
11.9
10.1
10.1
11.6
9.4
6.8
4.9
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 586

= Typical HLI range from 8/7/2019 to 5/21/2024
31.2
14.4
7.3
8.7
13.0
8.6
5.4
5.5
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 64
XBRL?   [ original filing ]
Total numbers found: 875

= Typical HLI range from 8/7/2019 to 5/21/2024
31.0
18.5
12.6
5.6
11.2
9.7
4.2
5.4
1.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 854

= Typical HLI range from 8/7/2019 to 5/21/2024
28.4
17.4
13.7
9.2
6.3
9.3
4.0
6.2
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL?   [ original filing ]
Total numbers found: 967

= Typical HLI range from 8/7/2019 to 5/21/2024
24.5
18.2
15.0
14.4
6.0
8.3
3.9
4.1
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 62
XBRL?   [ original filing ]
Total numbers found: 638

= Typical HLI range from 8/7/2019 to 5/21/2024
26.0
18.9
14.5
10.7
6.6
9.0
5.6
5.4
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 870

= Typical HLI range from 8/7/2019 to 5/21/2024
33.1
13.7
9.9
7.5
11.4
7.8
4.9
5.8
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 810

= Typical HLI range from 8/7/2019 to 5/21/2024
31.6
14.7
11.6
9.6
10.3
8.1
4.3
5.6
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 968

= Typical HLI range from 8/7/2019 to 5/21/2024
30.4
14.5
9.2
8.7
11.8
7.0
7.2
6.7
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 654

= Typical HLI range from 8/7/2019 to 5/21/2024
30.1
16.4
9.1
10.1
10.4
9.6
4.2
5.4
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 795

= Typical HLI range from 8/7/2019 to 5/21/2024
27.5
19.0
13.7
9.9
7.2
9.5
5.0
3.7
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 875

= Typical HLI range from 8/7/2019 to 5/21/2024
27.7
17.6
13.7
9.6
5.2
9.5
6.2
5.3
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 1,062

= Typical HLI range from 8/7/2019 to 5/21/2024
27.1
19.0
18.5
10.0
5.7
7.9
6.0
3.5
2.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 632

= Typical HLI range from 8/7/2019 to 5/21/2024
32.4
12.6
9.8
7.6
11.1
9.3
5.6
5.9
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 799

= Typical HLI range from 8/7/2019 to 5/21/2024
31.0
17.9
9.0
6.3
11.6
9.0
5.6
5.4
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 893

= Typical HLI range from 8/7/2019 to 5/21/2024
28.8
17.7
12.0
10.0
8.2
8.3
4.7
5.6
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 1,005

= Typical HLI range from 8/7/2019 to 5/21/2024
28.0
17.9
10.9
10.4
7.0
8.9
5.8
7.7
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 67
XBRL?   [ original filing ]
Total numbers found: 585

= Typical HLI range from 8/7/2019 to 5/21/2024
27.8
16.0
11.7
12.9
7.9
8.1
4.7
5.0
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 55
XBRL?   [ original filing ]
Total numbers found: 873

= Typical HLI range from 8/7/2019 to 5/21/2024
25.3
18.6
15.0
10.7
5.0
9.9
6.5
3.4
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 73
XBRL?   [ original filing ]
Total numbers found: 872

= Typical HLI range from 8/7/2019 to 5/21/2024
 

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