Heritage Financial Corporation (HFWA)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.79 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 188.89 | 179.67 | 180.80 | 127.07 | 80.92 | |
| DOH | days | 76.24 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.93 | 2.03 | 2.02 | 2.87 | 4.51 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.79
= 76.24
The information provided does not include specific data on Heritage Financial Corp.'s days of inventory on hand (DOH) for the given quarters. As such, it is not possible to calculate or analyze the trend of DOH over time based on the table provided. In order to analyze and interpret the DOH ratio for Heritage Financial Corp., specific data points for each quarter would be required. This ratio is a key measure of how efficiently a company is managing its inventory levels and is calculated by dividing average inventory by the cost of goods sold and multiplying by the number of days in the period. A lower DOH generally indicates better inventory management and faster inventory turnover, while a higher DOH may suggest slower sales or potentially obsolete inventory. Further analysis would require additional data or context to evaluate Heritage Financial Corp.'s performance in this area effectively.