The news that the Credit Suisse HOLT service for investment analysis will be using XBRL indicates that financial analyst firms are beginning to see the advantages of having and leveraging standardized, global financial reporting taxonomies.
HOLT claims a proprietary database of some 20,000 companies in 64 countries as the basis for its investment analysis service. As more of these companies and countries adopt XBRL for their regulatory reporting, the HOLT database will become less proprietary and more transparent, based on the relatively ‘open’ standard of XBRL. This should make it easier for HOLT to provide better analysis to investors particularly in terms of their specific process for benchmarking corporate performance across time and countries by measuring economic value creation in terms of return on investment based on cash flow.
Tags: IR
