Heritage Financial Corporation (HFWA)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Based on the provided data, the cash conversion cycle for Heritage Financial Corporation remained consistently at 0.00 days from December 31, 2020, to December 31, 2024. This indicates that the company efficiently manages its cash flow, as it takes very little time for the company to convert its investments in inventory and other resources into cash receipts from sales. A cash conversion cycle of 0.00 days suggests that Heritage Financial Corporation effectively collects payments from its customers, manages its inventory, and pays its suppliers promptly. This efficient cash conversion cycle reflects positively on the company's liquidity and operating efficiency.