Heritage Financial Corporation (HFWA)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $173,954K ÷ $—K
= —
The payables turnover ratio for Heritage Financial Corp. is not available in the provided data for any of the quarters from Q1 2022 to Q4 2023. Without this specific ratio, it is challenging to assess the efficiency of the company in managing its accounts payable and its ability to settle its short-term obligations. It is recommended to obtain additional information or calculate the payables turnover ratio using the formula:
Payables Turnover Ratio = Cost of Goods Sold / Average Accounts Payable
Further analysis could provide insights into the company's liquidity position and vendor payment practices, which are essential considerations for stakeholders and potential investors.