evals/public_truth/fastenal_q1_2025/benchmark.json

{
  "schema_version": "clara.public_truth_benchmark.v1",
  "case_id": "fastenal_q1_2025",
  "purpose": "Prove exact public-fact transport, precision-aware monthly-to-quarter reconciliation, quarterly P&L identities, and abstention from undisclosed monthly expense facts.",
  "reviewed_boundary": {
    "status": "reviewed",
    "reviewed_on": "2026-07-23",
    "judgement_owner": "human_or_model_review",
    "statement": "Fastenal published monthly net sales for January through March 2025 and a complete Q1 P&L. It did not publish monthly cost of sales, gross profit, SG&A, operating income, interest, tax, or net income in these documents.",
    "monthly_reported_metric_ids": [
      "net_sales"
    ],
    "monthly_not_disclosed_metric_ids": [
      "cost_of_sales",
      "gross_profit",
      "selling_general_administrative",
      "operating_income",
      "interest_income",
      "interest_expense",
      "pretax_income",
      "income_tax",
      "net_income"
    ]
  },
  "candidate_contract": {
    "required_columns": [
      "observation_id",
      "metric_id",
      "period_start",
      "period_end",
      "period_grain",
      "value",
      "unit",
      "reported_increment",
      "source_id",
      "source_locator"
    ],
    "key_fields": [
      "observation_id"
    ],
    "exact_expected_set": true,
    "truth_to_expected": "exact_identity",
    "numeric_contract": "canonical Decimal strings; binary floating point is not permitted"
  },
  "files": {
    "truth": {
      "path": "truth_observations.csv",
      "sha256": "bf27e23960f1050394584f865a8fd59a7f7db1f9cabfa3345be923094fbc6eac"
    },
    "expected": {
      "path": "expected_prepared_observations.csv",
      "sha256": "bf27e23960f1050394584f865a8fd59a7f7db1f9cabfa3345be923094fbc6eac"
    }
  },
  "sources": [
    {
      "source_id": "fastenal_2025_01_release",
      "publisher": "Fastenal Company",
      "title": "January 2025 Information Web Release",
      "document_type": "issuer_monthly_information_release_pdf",
      "published_date": "2025-02-06",
      "url": "https://investor.fastenal.com/files/doc_financials/2024/Q4/01-2025-sales-numbers-F.pdf",
      "byte_count": 107064,
      "sha256": "4dd19bdbeee7c19ce55d25c272733be3d2a0ab5a696dbfe778e89d111e21b6a9"
    },
    {
      "source_id": "fastenal_2025_02_release",
      "publisher": "Fastenal Company",
      "title": "February 2025 Information Web Release",
      "document_type": "issuer_monthly_information_release_pdf",
      "published_date": "2025-03-06",
      "url": "https://investor.fastenal.com/files/doc_financials/2025/Q1/02-2025-sales-numbers-F.pdf",
      "byte_count": 106912,
      "sha256": "1216811df3cca4812e91bd354f28ac1a58a291bf9956a5969d39fc5f8bc38586"
    },
    {
      "source_id": "fastenal_2025_03_release",
      "publisher": "Fastenal Company",
      "title": "March 2025 Information Web Release",
      "document_type": "issuer_monthly_information_release_pdf",
      "published_date": "2025-04-11",
      "url": "https://investor.fastenal.com/files/doc_financials/2025/Q1/03-2025-sales-numbers-F.pdf",
      "byte_count": 107274,
      "sha256": "8d5d1ebb43fde75325fc3cad1332b3d513b8a0221e2878c8e2e6d4c89e01531c"
    },
    {
      "source_id": "fastenal_q1_2025_10q",
      "publisher": "U.S. Securities and Exchange Commission",
      "title": "Fastenal Company Form 10-Q for the quarter ended March 31, 2025",
      "document_type": "sec_form_10_q_inline_xbrl",
      "published_date": "2025-04-16",
      "url": "https://www.sec.gov/Archives/edgar/data/815556/000081555625000083/fast-20250331.htm",
      "accession": "0000815556-25-000083",
      "xbrl_context": "c-1",
      "byte_count": 909854,
      "sha256": "9b80b8b0bde33c6b5ff3f0491fa1331c3308eb6096f5db395778715814d812aa"
    }
  ],
  "assertions": [
    {
      "assertion_id": "monthly_net_sales_to_q1",
      "kind": "rounded_sum",
      "source_observation_ids": [
        "fastenal_2025_01_net_sales",
        "fastenal_2025_02_net_sales",
        "fastenal_2025_03_net_sales"
      ],
      "target_observation_id": "fastenal_2025_q1_net_sales",
      "reason": "The three monthly releases disclose USD thousands, normalized here to USD millions with increment 0.001, while the 10-Q presents USD millions to 0.1; their disclosed rounding intervals must overlap."
    },
    {
      "assertion_id": "gross_profit_identity",
      "kind": "linear_identity",
      "target_observation_id": "fastenal_2025_q1_gross_profit",
      "terms": [
        {
          "observation_id": "fastenal_2025_q1_net_sales",
          "factor": "1"
        },
        {
          "observation_id": "fastenal_2025_q1_cost_of_sales",
          "factor": "-1"
        }
      ],
      "tolerance": "0"
    },
    {
      "assertion_id": "operating_income_identity",
      "kind": "linear_identity",
      "target_observation_id": "fastenal_2025_q1_operating_income",
      "terms": [
        {
          "observation_id": "fastenal_2025_q1_gross_profit",
          "factor": "1"
        },
        {
          "observation_id": "fastenal_2025_q1_sga",
          "factor": "-1"
        }
      ],
      "tolerance": "0"
    },
    {
      "assertion_id": "pretax_income_identity",
      "kind": "linear_identity",
      "target_observation_id": "fastenal_2025_q1_pretax_income",
      "terms": [
        {
          "observation_id": "fastenal_2025_q1_operating_income",
          "factor": "1"
        },
        {
          "observation_id": "fastenal_2025_q1_interest_income",
          "factor": "1"
        },
        {
          "observation_id": "fastenal_2025_q1_interest_expense",
          "factor": "-1"
        }
      ],
      "tolerance": "0"
    },
    {
      "assertion_id": "net_income_identity",
      "kind": "linear_identity",
      "target_observation_id": "fastenal_2025_q1_net_income",
      "terms": [
        {
          "observation_id": "fastenal_2025_q1_pretax_income",
          "factor": "1"
        },
        {
          "observation_id": "fastenal_2025_q1_income_tax",
          "factor": "-1"
        }
      ],
      "tolerance": "0"
    }
  ],
  "limitations": [
    "The benchmark validates a reviewed offline extraction; automated tests do not independently fetch or parse the remote documents.",
    "The monthly source documents disclose net sales but not a full monthly P&L.",
    "The benchmark contains no trial balance, account mapping, journal, consolidation, or management adjustment evidence.",
    "Passing this benchmark is not audit assurance and does not establish semantic truth beyond the reviewed boundary."
  ]
}