Heritage Financial Corporation (HFWA)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The Days of Sales Outstanding (DSO) for Heritage Financial Corp. has been relatively stable over the last two years, ranging between 22.00 days to 26.71 days. The company's DSO in Q4 2023 was 23.50 days, slightly higher than in the previous quarter but still within the historical range. This indicates that on average, it takes around 23.50 days for the company to collect its accounts receivable from customers, which is a reasonable timeframe compared to industry averages. Overall, the trend in DSO for Heritage Financial Corp. suggests that the company has been effectively managing its accounts receivable and maintaining a consistent collection efficiency.