Heritage Financial Corporation (HFWA)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 173,954 | 170,700 | 170,612 | 160,827 | 149,540 | 197,838 | 190,763 | 178,669 | 176,569 | 121,898 | 126,656 | 169,883 | 185,046 | 187,172 | 185,582 | 158,860 | 151,099 | 152,051 | 155,528 | 154,070 |
| Inventory | US$ in thousands | 36,333 | -239,297 | -127,347 | -320,029 | -122,137 | -425,136 | -1,009,960 | — | — | — | — | — | — | — | — | 841 | 841 | 841 | 1,224 | 1,904 |
| Inventory turnover | 4.79 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 188.89 | 179.67 | 180.80 | 127.07 | 80.92 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $173,954K ÷ $36,333K
= 4.79
As no specific inventory turnover figures are provided in the table for Heritage Financial Corp., it is not possible to conduct a detailed analysis of the trend over the specified quarters. It is essential to have the exact inventory turnover numbers to evaluate the company's efficiency in managing its inventory levels and converting them into sales. Without this information, it is challenging to assess the company's performance in this area and make meaningful comparisons across different periods. To perform a thorough analysis and draw conclusions on the effectiveness of Heritage Financial Corp.'s inventory management, additional data points or specific inventory turnover ratios would be required.