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 2/6/2020 to 11/5/2024 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.
33.6
12.3
11.8
5.5
11.3
8.2
6.5
4.2
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, HLI stockholder letter ]
Total numbers found: 795
Recent share count: 53,119,956 (5's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
795
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 8 numbers to move any given column by a full percentage point.
78

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was below the company's typical historical range.
 • We deducted points upon observing the 4's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 4's percentage was below the company's typical historical range.
 • 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 point upon observing the 6's percentage was above the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
HLI
Normal score compared to other filers, falling within the middle 50%.
DVA
GNK
MPC
MTDR
EPR
HCC
MCY
MSB
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 267 numbers that start with the digit 1. Here they are:
16,019,340
1,452
13,039
199,630
138,293
192,012
148,729
136,701
1,177,757
1,127,497
196,641
197,439
113,916
104,661
114,171
1,255,664
1,334,009
1,000,000,000
1,000,000,000
16,082,738
16,746,676
16
17
1,259,950
1,163,419
1,957,087
1,836,750
1,088,566
17,092
13,570
14,151
15,174
19,013
16,300
13,618
17,755
14,328
10,859
18,154
14,733
130,669
163,624
136,088
169,925
182,489
128,421
19,883
16,909
124,910
111,512
1.42
1.04
1.37
1.89
16,456,793
16
1,207,328
1,829,478
124,910
16,082,738
16
1,259,950
1,957,087
18,035,565
18
1,058,509
1,615,053
1
1
155,356
19,883
19,883
19,883
17,427,625
17
1,087,326
1,646,076
16,746,676
17
1,163,419
1,836,750
1,248,217
1
1
1
1
101,956
101,957
182,489
182,489
182,489
16,082,738
16
1,259,950
1,957,087
18,048,345
18
1,033,072
1,613,297
1,612,192
1
10,811
10,812
1,159,559
1
1,159,559
1
1,073,353
1
128,421
128,421
16,909
16,909
128,421
16,909
111,512
17,427,625
17
1,087,326
1,646,076
182,489
128,421
142
15,222
16,691
16,300
13,618
15,106
19,582
11,584
101,716
178,833
18,234
10,955
12,489
15,000
1,217
1,452
192,952
19,046
192,012
138,293
15.3
1,379
1,421
1,537
17,412
17,412
15,833
15,833
100
17,385
192
17,412
16,071
110
15,833
118
1,033
14,899
18,032
11,011
155,973
144,996
14,825
12,282
148,729
136,701
10,692
1,177,757
1,127,497
192,210
192,210
104,475
1,474,442
1,418,604
100,044
1,374,398
1,324,936
162,815
162,815
1,127,497
1,177,757
1,873
100.0
10
1.00
10
14.5
145
19,883
16,909
182,489
128,421
1.42
1.04
1.37
1.89
134.08
134.20
1,614,779
181,369
1,244,902
1,636,778
17,184
1,659
11,256
11,971
14,908
134.08
1,050,646
19,070
12.2
1,159,559
16,082,738
17,427,625
15,803
17,236
104.36
101,716
104.36
17,523
146,743
11,458
13,385
10,713
100
108
1,344
15,174
19,013
17,562
13,735
131,568
114,670
147,131
136,045
1,088,566
109,655
152,139
100,068
19,389
19,593
189,963
142,609
120,938
136,088
169,925
1,142,652
1,147,432
192,185
172,666
170,627
1,521,505
1,510,244
1,691,246
1,660,515
151,564
113,682
136,088
169,925
139,635
138,031
1,088,566
1,957,454
1,113,767
1,213,305
We found 98 numbers that start with the digit 2. Here they are:
219,133
21,832
287,200
21,285
27,876
20,416
20,031
226,237
235,962
26,542
28,399
210,888
2.79
2.00
2.67
29,576
239,100
25,208
25,208
21,522
21,523
28,399
28,399
28,399
210,888
239,100
2,633
26,569
21,743
211,229
28,619
224,711
2,252
23,496
21,368
240
24,952
200,626
28,992
220,510
2,207
200
2,410
211,998
2
21,641
21,641
219
22,318
21,641
26,542
26,402
2,101
29,672
224,049
205,010
2,067
2,254
200.0
2.00
28,399
28,399
26,542
28.4
22.7
24.4
2,599,910
2.79
2.00
2.67
21,921
24,453
269,614
266,883
2,814
259
239,100
24,952
239,100
24,952
2
26,491
25,808
213
27,567
27,494
2,073
281,684
248,990
238,038
210,077
262,724
235,962
206,187
235,962
286,685
226,124
2,098,984
We found 94 numbers that start with the digit 3. Here they are:
38,005
32,856
359,739
344,024
3,212,751
3,170,759
37,956
33,139
32,880
37,751
38,209
3,212,751
3,170,759
353,599
32,082
30,169
34,458
36,416
33,944
36,638
30,674
376,712
3,296
31,361
350,440
350,440
31,361
31,361
31,361
38,209
38,214
38,214
38,209
36,234
3,325
35
32,058
38,927
32,974
37,211
37.0
35.2
33,139
37,956
32,937
38,875
38,875
38,005
38,005
39,088
313
38,875
319
348
38,920
38,005
30,473
30,427
31,328
30,439
38,920
38,005
34,145
3,727
3,360
31,361
38,209
31.3
3,316,028
3,021,751
3,700,981
3,361
3,083
3,663,577
306,521
317
3
350,440
344,913
34,458
36,416
32,655
364,028
32,499
37,030
34,492
347,175
3,296
3,212,751
3,170,759
32,293
328,958
3,212,751
3,170,759
4's 5's 6's
We found 44 numbers that start with the digit 4. Here they are:
4,993
431,222
415,412
466,989
444,288
42,539
41,504
47,148
44,349
44,349
40,927
40,927
41,662
41,662
47,148
4,699
4,058
4,817
4,274
494,302
48,410
457
4,817
4.3
412
40,531
4.0
42,539
41,504
4,519,024
4,583,382
45,325
42,740
418,918
463,603
457.7
4,235
431,222
4,589
46
466,989
45,582
435,322
466,989
We found 90 numbers that start with the digit 5. Here they are:
53,481,054
56,829
53,403,939
52,348,511
53
52
574,957
542,933
5,419
53,473
53,053,499
53
53,191
53,403,939
53
51,296,601
51
59,840
55,907
5,635
5,635
508,491
508,491
51,565,992
52
52,348,511
52
5,248
53,403,939
53
50,638,924
51
587
587
51,565,992
52
5,234
55,786
5,611
5,988
587
5,953
5,114
557
53,719
542
542
56,829
56,829
531
531
542
542
57,015
505
56,829
531
531
57,015
56,829
5,234
5,377
50,260
50,260
5,608
50
53,473
5,281,779
5
508,491
5,248
53,334,156
51,501,057
500.0
54,348
54,118
53,482
53,581
577,965
5,476
5.4
5.1
508,735
574,957
59,294
52,332
5,419
56,243
574,957
57
We found 65 numbers that start with the digit 6. Here they are:
691,410
619
6,132
641,370
66,608
669,468
6,301
67,031
65,822,690
64,551,353
65,429,115
64,180,642
68,422,600
67,867,381
68,450,866
67,881,623
691,651
69,570
616,315
67,031
67,031
67,031
638,404
66,608
642,970
62,814
6,609
638,404
692,862
691,410
619
692,862
6,678
685
68,309
6,903
6,715
66,608
67,031
65,822,690
64,551,353
65,429,115
64,180,642
68,422,600
67,867,381
68,450,866
67,881,623
6,406
6,112
6,172
68,601
618,264
6,540,659
6,609
69,783
64,935
675,395
62
692,445
60,919
6,301
61,280
656,694
6,540,659
6
7's 8's 9's
We found 52 numbers that start with the digit 7. Here they are:
721,235
726,031
7,575
7,505
735,277
739,870
7,038
7,444
7,086
719,194
723
723
735,277
79,723
739,870
75,131
75,131
710
710
735,277
79,010
79,010
74,167
74,167
79,723
78,396
71,311
77,390
70,025
7,053
710
721,854
714,812
721,235
721,854
7,135
7,228
7,592
7,566
75,320
73
7,299
79.57
74.23
7,265
78,396
723
766,832
70,025
79,361
70,635
76,093
We found 33 numbers that start with the digit 8. Here they are:
8,767
87,020
882,818
862,329
85,958
85,958
804
816
82,149
8,697
84,213
89,674
8
8,095
8,088
872,967
87.60
83.37
80.24
88.78
87.60
84.30
83.34
843,730
87.60
858,979
82,149
8.0
882,818
84,398
801,881
882,818
8,000,000
We found 52 numbers that start with the digit 9. Here they are:
90,064
90,677
9,342
9,677
90,277
9,725
93,573
93,549
99
93,549
93,549
93,549
91,656
958,524
958,524
953,631
94,974
94,975
939
9,706
9.4
9,972
98,897
93,668
923,227
91,715
91,715
9.0
93,549
99
940,701
97.54
9,112
95.09
94.62
94.71
99.60
95.46
94,286
90.91
94.38
95.02
958,524
9,211
919
90
90,517
99,100
9,725
93,573
90,506
93,573
While the above HLI 10Q Filed 11/5/2024 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 10Q Filed 11/5/2024 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.

33.6
12.3
11.8
5.5
11.3
8.2
6.5
4.2
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 795

= Typical HLI range from 2/6/2020 to 11/5/2024
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: 81
XBRL?   [ original filing ]
Total numbers found: 810

= Typical HLI range from 2/6/2020 to 11/5/2024
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 2/6/2020 to 11/5/2024
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: 81
XBRL?   [ original filing ]
Total numbers found: 654

= Typical HLI range from 2/6/2020 to 11/5/2024
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: 85
XBRL?   [ original filing ]
Total numbers found: 795

= Typical HLI range from 2/6/2020 to 11/5/2024
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: 83
XBRL?   [ original filing ]
Total numbers found: 875

= Typical HLI range from 2/6/2020 to 11/5/2024
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: 85
XBRL?   [ original filing ]
Total numbers found: 1,062

= Typical HLI range from 2/6/2020 to 11/5/2024
33.7
8.3
12.6
7.1
9.6
11.0
5.5
5.3
6.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 40
XBRL?   [ original filing ]
Total numbers found: 581

= Typical HLI range from 2/6/2020 to 11/5/2024
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: 87
XBRL?   [ original filing ]
Total numbers found: 799

= Typical HLI range from 2/6/2020 to 11/5/2024
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 2/6/2020 to 11/5/2024
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: 87
XBRL?   [ original filing ]
Total numbers found: 1,005

= Typical HLI range from 2/6/2020 to 11/5/2024
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: 64
XBRL?   [ original filing ]
Total numbers found: 585

= Typical HLI range from 2/6/2020 to 11/5/2024
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: 54
XBRL?   [ original filing ]
Total numbers found: 873

= Typical HLI range from 2/6/2020 to 11/5/2024
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: 70
XBRL?   [ original filing ]
Total numbers found: 872

= Typical HLI range from 2/6/2020 to 11/5/2024
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 2/6/2020 to 11/5/2024
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: 89
XBRL?   [ original filing ]
Total numbers found: 586

= Typical HLI range from 2/6/2020 to 11/5/2024
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 2/6/2020 to 11/5/2024
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 2/6/2020 to 11/5/2024
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 2/6/2020 to 11/5/2024
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: 59
XBRL?   [ original filing ]
Total numbers found: 638

= Typical HLI range from 2/6/2020 to 11/5/2024
 

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