On this page of Benford's Law Stocks.com we present our study of ADVANCED DRAINAGE SYSTEMS, INC. — ticker symbol WMS. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 6/1/2020 to 2/6/2025 for ADVANCED DRAINAGE SYSTEMS, INC. under CIK number 0001604028. 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 WMS, 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 ADVANCED DRAINAGE SYSTEMS, INC. based on the past WMS filings our system processed in the past.
36.3
12.4
11.9
9.8
8.0
4.7
6.9
6.2
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, WMS stockholder letter ]
Total numbers found: 898
Recent share count: 77,523,433 (7's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
898
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
93

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 1's percentage was above the company's typical historical range.
 • 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.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 7, we canceled the penalty multiplier.
 • We deducted point upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 8's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
WMS
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
TNET
TWI
XPO
ZWS
TR
WHD
WMT
YETI
Check our work! We provide our ADVANCED DRAINAGE SYSTEMS, 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 WMS 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 326 numbers that start with the digit 1. Here they are:
1,245,096
1,299,967
1,017,555
156,569
122,760
10,621
11,870
18,015
183,913
162,205
154,260
1,076
1,253,129
1,259,522
114,927
193,285
156,705
1,988,214
108,584
108,584
1,000,000
11,693
11,679
1,269,230
1,219,834
1,219,404
1,140,578
1,427,891
1,092,208
1,451,032
1,153,313
18,104
18,802
1,469,136
1,172,115
1,420,495
1,326,647
100,778
10,669
14,429
12,782
126,864
153,266
18,864
15,827
108,562
135,707
117,897
132,665
1,304
106,880
1,058
1,241
105,639
1.05
1.36
1.04
1.34
106,880
12,016
110,900
1,409
1,058
1,241
108,696
133,671
112,014
10,669
1,533
1,533
162
1,849
179
166,410
136,385
19,979
115,879
17,820
178,187
10,646
135,944
1,271
1,095
11,663
1,173,574
10,617
1,039,717
1,029,413
19,417
1,048,830
133,349
133,349
105,639
105,639
1,241
106,880
14
10,920
10,920
10,920
11,656
11,663
11,663
11,663
11,663
1,333
1,333
1,333
1
1,927
1,927
1,927
1
1
1
11,670
1,195,893
11,215
1,110,670
1,008,270
1,078,562
1,100,183
121,686
121,686
11,647
1,134,864
17,493
153,220
153,220
1,409
1,579
180,812
180,812
180,812
1,941
19
1,941
1
100
1
1,927
1,927
1,927
11,670
1,195,893
11,215
1,110,670
1,008,270
1,078,562
1,100,183
121,686
121,686
11,690
1,255,794
11,896
1,219,438
1,359,100
1,376,457
17,578
1,394,035
1,058
16
12,440
12,440
12,440
104
104
104
184
184
1
1
1
1
1
11,693
1,269,230
11,896
1,219,404
1,427,891
1,451,032
18,104
1,469,136
11,679
1,219,834
11,415
1,140,578
1,092,208
1,153,313
18,802
1,172,115
108,584
108,584
12,016
13,326
13,334
13,334
13,334
13,334
1
1
1
11,693
1,269,230
11,896
1,219,404
1,427,891
1,451,032
18,104
1,469,136
18.7
12,277
15,651
104,007
148,000
15,823
104.0
148.0
148,000
1,220
1,353
110,124
106,662
105,639
1.05
1.36
105,639
1.04
1.34
10
19
11.0
10,901
1,271,976
1,281,151
10,621
11,870
1,253,129
1,259,522
175
10.5
11.2
1.7
10,475
10,901
1,335
1,316
17,627
1,445
1,305
11,110
1,297
1,470
1,655
1
18.3
1
12.8
1
177.38
12,607
11,629
152,384
17,083
135,301
131,144
103,871
16,372
16,314
14,166
1
14,165
165,233
161,471
159,162
156,444
1,227,288
1,185,316
1,217,302
1,185,630
125,281
10,150
115,131
133,787
124,568
174
174,945
10,324
164,621
180,576
171,330
12,384
126,773
126,773
111,909
111,909
115,621
12,071
14,012
1,749
1,922
180
15,491
18,806
16,435
1,611
1,195
19,314
15,824
133,671
112,014
114,899
14,458
1,499
1,872
17,639
166,410
136,385
1,335
1,316
111,420
114,712
1,139
1,486
1,927
16
We found 111 numbers that start with the digit 2. Here they are:
247,940
22,028
254,401
2,037,868
29,830
2,288,484
2,220,633
241,594
259,849
288,962
269,525
2,512
23,094
22,331
27,091
2,770
2,719
2,388
2,770
2,719
21,758
23,636
2,564
27,475
237,310
236,436
2,526
217,128
29,658
20
26,601
21,621
27,580
2,719
2,388
25
2,463
2,462
2,462
200
2
23,636
23,636
23,636
20
26,601
21,621
2
2,979
2,981
2,981
2,981
2,981
232
233
233
25
2,428
2,428
2,428
29,830
2,770
227
27
21,758
21,758
21,758
237.3
256.0
219
237,310
22
2.00
25.0
22.2
24.0
24.3
20,163
21,758
23,636
2,663
2,050
2,888
21,758
23,636
27,273
2,860
2,918
2,718
27
2,288,484
2,288,484
2,220,633
2,220,633
250,835
216,319
275,943
284,253
20,394
2,962
241,594
259,849
23,088
2,260
2,260
275,943
284,253
21
21,061
28,449
22,925
We found 107 numbers that start with the digit 3. Here they are:
323,576
31,928
352,652
3,602,254
3,268,913
30,944
388,090
38,378
3,602,254
3,268,913
38,140
38,376
30,131
3,437
3,880
375,785
373,015
375,785
363,769
3,468
364,467
375,785
335
383
3,437
3,880
3,909
37,324
33,111
3,956
349,218
3,057
3,057
33,038
33,038
33,038
31,515
31,534
31,534
31,534
31,534
3,955
3,956
3,956
30,689
38,378
373,015
373,015
375,785
3,468
37,332
37,332
37,332
3
34
3
3
3
38,378
3,618
36,250
3,876
3,920
366,245
357,538
373,015
373,015
350,000
350,000
350
350.0
3.6
3.4
343,490
350,000
339,780
350,000
3,473
3,191
351
313
36
356,010
343,403
360,733
349,104
36,909
34,049
38,783
3,762
36,370
36,370
31,672
394,011
342,956
348,559
314,129
300,574
3,669
38,053
39,501
31,287
3,257
37,919
32,420
30,754
3,473
4's 5's 6's
We found 88 numbers that start with the digit 4. Here they are:
488,859
490,163
4,849
476,369
464,200
462,491
407
439,622
448,944
402,518
477
432
4,792
4,772
490,245
417,812
415,093
4.81
4.77
417,812
4,020
420,200
416,072
417,812
432
402,889
495,848
494,753
488,859
494,753
4,020
41
48
48
48
415,093
415,093
417,812
42
4
4
4
4
48
420
4,710
4,709
4,709
4,727
42,000
476,369
464,200
415,093
4.81
415,093
462
4.77
46
49
415,000
420,250
4,131
4,443
4,046
451
45.5
4.5
4
44,203
47,041
47,041
41,972
456,104
406,361
49,664
49,490
46,789
46,762
402,126
49,179
4,431
43,882
4,532
48,028
47,766
4,816
4,807
4,131
We found 72 numbers that start with the digit 5. Here they are:
5,861
540,455
596,754
546,597
5.29
5.24
532
510
5,720
59,752
534
540,264
527
5,250
5,250
566,346
5,894
598
532
5,861
5,937
5,936
5,936
50
5,391
5,392
5,392
5,861
5.29
54
595
529
597
59
59
59
5.24
51
50
50
5.5
500,000
500,000
50
5.0
500.0
500,845
500,000
502,890
500,000
543
5.0
5,420
58
53,281
50,363
58,369
5,421
52,948
556,920
544,536
528,303
520,717
51,380
59,392
5,543
50,941
54,228
53,760
55,086
51,484
5,392
We found 42 numbers that start with the digit 6. Here they are:
617,183
61,661
6,682
690,538
662,367
69,074
65,984
67,230
68,838
6,361
69,922
626,215
6,396
6,394
6,394
6,045
6,682
68,179
68,179
68,179
67
60
6,976
600
60
6.375
6,799
6,976
6,463
6,086
6,131
6,996
694
690,538
690,538
662,367
662,367
62,093
63,405
68,392
6,447
68,509
7's 8's 9's
We found 62 numbers that start with the digit 7. Here they are:
77,574,661
7,346
720,543
70,704
71,677
70,868
77,540
77,857
77,541
78,455
78,115
78,586
78,196
79,188
74,068
73,542
700,262
70,905
70,905
70,905
718
7
718
7,402
7,402
7,402
7,488
79,057
72
7,488
7,689
7,689
70
70
70
7,798
7,798
7,798
7.5
7,000
77,540
77,857
77,541
78,455
77,540
77,857
77,541
78,455
75
76
78,115
78,586
78,196
79,188
75
7,798
7,402
7,552
7,798
7,402
7,586
78,285
We found 56 numbers that start with the digit 8. Here they are:
876,351
8,226
88,437
83,573
82,283
867,989
893,986
818
82,289
81,231
82,289
8,221
83,059
831
8,624
8,927
8,859
80,635
8,206
81,415
824,147
841,640
81,415
83,359
81,231
81,231
82,289
8,221
83,573
82,283
8,548
8,548
821
8
821
8,924
8,927
8,927
83,573
8,533
81,231
81,231
8,226
851,134
856,976
853,145
860,901
8.0
85
88,150
84,700
8,776
867,989
893,986
88,502
84,274
We found 34 numbers that start with the digit 9. Here they are:
9,759
95,250
95,250
91,289
963
913,551
963
9,539
920,999
9,429
979
979
97
98,231
98,231
95,250
95,250
99
93
95,250
95,250
9,041
99,000
9.5
9,759
9,219
9,246
90,900
92,938
962,882
965,968
9,971
962,882
965,968
While the above WMS 10Q Filed 2/6/2025 is interesting in isolation, we have found that it is also useful to take a look at older ADVANCED DRAINAGE SYSTEMS, 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 2/6/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical WMS 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

36.3
12.4
11.9
9.8
8.0
4.7
6.9
6.2
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 898

= Typical WMS range from 6/1/2020 to 2/6/2025
28.4
17.0
10.8
9.7
11.1
6.6
6.2
5.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 1,339

= Typical WMS range from 6/1/2020 to 2/6/2025
33.5
15.0
10.7
8.6
8.0
7.3
5.3
5.7
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 561

= Typical WMS range from 6/1/2020 to 2/6/2025
36.1
14.2
13.5
7.8
6.2
3.9
8.3
4.4
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 956

= Typical WMS range from 6/1/2020 to 2/6/2025
31.1
19.6
11.1
8.0
7.0
5.0
9.9
4.8
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 959

= Typical WMS range from 6/1/2020 to 2/6/2025
30.9
17.2
13.7
7.5
8.9
6.1
6.9
5.8
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 1,530

= Typical WMS range from 6/1/2020 to 2/6/2025
29.8
21.5
9.9
6.9
10.3
7.6
6.0
3.9
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 634

= Typical WMS range from 6/1/2020 to 2/6/2025
36.8
13.4
11.6
8.3
5.1
7.6
6.4
5.6
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 881

= Typical WMS range from 6/1/2020 to 2/6/2025
34.5
13.2
11.5
10.7
9.2
4.6
6.4
5.6
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 892

= Typical WMS range from 6/1/2020 to 2/6/2025
28.8
17.1
12.7
8.9
10.7
6.4
6.0
4.9
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 1,377

= Typical WMS range from 6/1/2020 to 2/6/2025
33.4
14.3
9.4
6.9
6.9
8.7
8.1
5.1
7.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 55
XBRL?   [ original filing ]
Total numbers found: 607

= Typical WMS range from 6/1/2020 to 2/6/2025
33.5
16.5
11.6
6.1
6.9
8.0
8.8
4.7
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 73
XBRL?   [ original filing ]
Total numbers found: 916

= Typical WMS range from 6/1/2020 to 2/6/2025
29.1
20.5
12.1
7.4
7.2
6.9
7.2
5.4
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,033

= Typical WMS range from 6/1/2020 to 2/6/2025
31.0
16.8
13.3
7.6
8.3
7.1
6.0
5.9
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,680

= Typical WMS range from 6/1/2020 to 2/6/2025
34.6
13.1
10.1
12.1
9.0
6.0
5.9
4.8
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 564

= Typical WMS range from 6/1/2020 to 2/6/2025
37.3
14.6
12.5
7.9
5.1
4.9
7.1
5.1
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 885

= Typical WMS range from 6/1/2020 to 2/6/2025
30.4
15.6
12.1
10.1
7.9
5.1
7.8
5.7
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 961

= Typical WMS range from 6/1/2020 to 2/6/2025
32.0
18.8
12.8
8.1
8.6
5.7
6.2
4.4
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,461

= Typical WMS range from 6/1/2020 to 2/6/2025
31.3
15.6
9.8
5.3
7.4
7.6
12.5
5.1
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 48
XBRL?   [ original filing ]
Total numbers found: 569

= Typical WMS range from 6/1/2020 to 2/6/2025
28.3
21.1
11.1
5.7
9.6
8.9
6.3
5.9
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL?   [ original filing ]
Total numbers found: 1,029

= Typical WMS range from 6/1/2020 to 2/6/2025
 

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