Heritage Financial Corporation (HFWA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 0.30 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.14 | 0.16 | 0.18 | 0.20 | 0.23 |
The analysis of Heritage Financial Corporation's activity ratios reveals the following insights:
1. Inventory Turnover:
- The inventory turnover ratio for Heritage Financial Corporation was 0.00 as of December 31, 2023 and March 31, 2024, indicating that the company did not efficiently manage its inventory during those periods. However, data is not available for other periods, which limits a comprehensive assessment of inventory management over time.
2. Receivables Turnover:
- Data for the receivables turnover ratio is not provided for any of the periods, making it difficult to evaluate how effectively the company collects payments from its customers.
3. Payables Turnover:
- Similarly, the payables turnover ratio is not available for any of the reporting periods, preventing an assessment of the company's efficiency in managing its payables.
4. Working Capital Turnover:
- The working capital turnover ratio ranged from 0.16 to 0.30 during the available reporting periods. A higher ratio indicates that the company is generating more revenue relative to its working capital, suggesting efficient utilization of working capital. However, data gaps in some periods hinder a complete analysis of working capital turnover trends.
In conclusion, the limited availability of data for receivables turnover and payables turnover ratios restricts a comprehensive evaluation of Heritage Financial Corporation's activity ratios. The working capital turnover ratio fluctuated within the provided range, indicating varying efficiency in generating revenue relative to working capital. More data across all periods would be necessary for a thorough assessment of the company's activity performance.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Heritage Financial Corporation, the activity ratios such as Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables have not been disclosed or are not available for the periods mentioned.
Without specific values for these activity ratios, we are unable to analyze the efficiency of Heritage Financial Corporation in managing its inventory, collecting receivables, and paying its payables within a specific timeframe.
For a more in-depth analysis of the company's operational efficiency and working capital management, it would be necessary to have the actual values for these activity ratios to assess and compare the performance of Heritage Financial Corporation over time and relative to industry averages.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 3.44 | 3.37 | 3.27 | 3.24 | 3.09 | 2.98 | 2.99 | 3.03 | 3.08 | 2.95 | 2.85 | 2.79 | 2.59 | 2.69 | 2.65 |
| Total asset turnover | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.04 | 0.04 |
Based on the provided data, the Fixed Asset Turnover ratio for Heritage Financial Corporation has shown a positive trend over the years, increasing steadily from 2.65 in March 2020 to 3.24 in December 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of operational efficiency.
On the other hand, the Total Asset Turnover ratio has remained relatively stable between 0.03 and 0.04 from March 2020 to December 2024. This suggests that the company is effectively utilizing its total assets to generate revenue, but there has not been a significant improvement in this aspect over the years.
In conclusion, Heritage Financial Corporation has shown a consistent improvement in its Fixed Asset Turnover ratio, reflecting efficient utilization of fixed assets to generate revenue. However, the Total Asset Turnover ratio has remained stable, indicating a consistent level of revenue generation relative to total assets.