Monday, May 20, 2019
Research Paper: Capex Spending

Thursday, May 16, 2019
Psst: Got Any Weed?

Wednesday, May 15, 2019
Open Letter: SEC Proposed Rule for BDCs

Friday, May 10, 2019
General Motors and Workhorse

Monday, May 6, 2019
How to Find Earnings Release Data

Tuesday, April 23, 2019
Following Restructuring Costs Over Time

Monday, April 22, 2019
Capex Spending: More Than You Might Think

Saturday, April 13, 2019
When AWS Takes Over the World

Thursday, April 11, 2019
Data Trends in Focus: Restructuring Costs

Sunday, April 7, 2019
How One Customer Crushed It With Calcbench

Thursday, April 4, 2019
TJX Shows Complexity of Leasing Costs Reporting

Tuesday, April 2, 2019
CEO Pay Ratios: Some 2018 Thoughts

Wednesday, March 27, 2019
Corporate Spending: Where It Goes, 2017 vs. 2018

Monday, March 25, 2019
Health Insurers: A Bit Winded?

Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Monday, March 11, 2019
Big Moves in Goodwill, Intangible Value

Friday, March 8, 2019
CVS, Goodwill, and Enterprise Value

Archive  |  Search:

We have said it before, and we will say it again: one of the best tools that Calcbench offers is our “Trace” feature. For almost any number you see, in any data analysis you conduct, you can trace that number back to a filer’s original source document.

We put so much effort into our Trace feature because we know accuracy is important for financial analysts. Errors in filings or analytics do happen. To bring the most value to our subscribers, then, we offer the Trace feature. When you see a number and say, “Huh, where did that come from?”—well, we can show you where it came from.

Q: So how does it work?
From your end, it’s simple. Any time you see a number that is hyper-linked, that’s the Trace feature in action. Click on the number, and you can drill down to find the original document with the original number.

Q: What do I see when I trace?
Several things, depending on exactly where you are and what number you’re looking at. If you are looking at a summary of primary financial statements for one company and click on a number there, a new box will emerge from the right-hand side showing you that number’s details in the footnotes.

Those new numbers will be traceable too. If you click on one of them, another box will rise from the bottom of your screen. That will show you the Unit of Measurement for the number (generally U.S. dollars), the period it was reported, and XBRL tag the company used to classify that number according to U.S. GAAP. You’ll also have a “Get History” feature on that bottom box, to see what the company reported for that same line item in the previous four periods.

Q: OK, that’s if I’m in the primary financial statements, and I can trace back to the footnotes. What if I’m already in the footnotes database?
You can get lost in the nitty-gritty there, too, if that’s what you want. For example, if you let your cursor hover over a number that’s traceable, a box might appear comparing this period’s number (say, for a revolving credit line) with the same value one year ago, including the percentage change from that period to this one. Or if the number you’re looking at doesn’t have a year-ago counterpart (maybe it’s the percentage rate on a new loan), a box will appear saying “click to trace.” Click, and the same info-box emerging from the bottom of your screen that we described above.

All our Trace features are intuitive to use, and they always bring you back to exactly where in the source filings we found the number.

Q: Sounds slick. Can I see an example?
Sure. We have a detailed example in our blog archives, walking through data that Campbell Soup reported about several acquisitions it made, 2013-2015. (Pictures included.)

Q: You seem to have put a lot of work into this Trace feature.
We have, because we believe that accuracy of data is important. We know that financial analysts and corporate controllers want rock-solid assurance that the data you’re using is correct, before you go putting a recommendation into a research note or make a prediction in that PPT presentation to the management committee.

Our Trace feature gives you that proof. You can see where all our numbers came from. No other data providers can boast of functionality and assurance like that. Calcbench can.

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