Heritage Financial Corporation (HFWA)

To calculate Heritage Financial Corp.'s payables turnover, we need information on the cost of goods sold and average accounts payable for each year. Without this data, we are unable to compute the payables turnover ratio. Payables turnover is a key metric that indicates how efficiently a company is managing its accounts payable by comparing the purchases made on credit to the average accounts payable balance. A higher payables turnover ratio generally indicates that the company is paying its suppliers in a timely manner and managing its working capital effectively. Conversely, a lower ratio may imply inefficiencies in managing payables. It would be beneficial to obtain the necessary financial data to assess Heritage Financial Corp.'s payables turnover and draw insights into its liquidity and operational efficiency.