Heritage Financial Corporation (HFWA)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 317,185 | 303,128 | 257,048 | 247,446 | 251,549 |
| Receivables | US$ in thousands | 19,483 | 19,518 | 18,547 | 14,657 | 19,418 |
| Receivables turnover | 16.28 | 15.53 | 13.86 | 16.88 | 12.95 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $317,185K ÷ $19,483K
= 16.28
The data provided shows that Heritage Financial Corporation's receivables turnover ratio was not available for the years ranging from December 31, 2020, to December 31, 2024. This indicates a lack of information or transparency regarding the company's accounts receivable management efficiency during these periods. Without specific figures, it is challenging to assess how effectively the company is collecting payments from its credit sales. As a result, the analysis of Heritage Financial Corporation's receivables turnover based on the available data is limited, and further information is needed to evaluate this aspect of the company's financial performance accurately.