Heritage Financial Corporation (HFWA)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | -26,859 | -26,859 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | US$ in thousands | — | -5,579,040 | -4,615,010 | -4,587,970 | 36,333 | -239,297 | -127,347 | -320,029 | -122,137 | -425,136 | -1,009,960 | -1,591,300 | -1,747,750 | -1,662,740 | -1,297,750 | — | — | — | — | 841 |
| Inventory turnover | — | — | — | — | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $-26,859K ÷ $—K
= —
The inventory turnover ratio for Heritage Financial Corporation can be analyzed based on the provided data. The inventory turnover ratio is a financial metric that measures how efficiently a company manages its inventory by calculating the number of times inventory is sold and replaced within a specific period.
In the context of Heritage Financial Corporation, the inventory turnover ratios are reported as follows:
- March 31, 2020: 0.00
- December 31, 2023: 0.00
An inventory turnover ratio of 0.00 indicates that there was no inventory turnover during the respective periods. This could imply that the company did not sell any inventory or that inventory levels remained constant without any significant changes. A low or zero inventory turnover ratio may raise concerns about inventory management efficiency, potentially leading to excess inventory holding costs or obsolete inventory issues.
It is important for Heritage Financial Corporation to monitor and improve its inventory turnover ratio to ensure optimal inventory management practices, such as streamlining inventory levels, improving sales and operations planning, and managing inventory obsolescence risks. This can help enhance operational efficiency, reduce carrying costs, and ultimately improve the company's overall financial performance.