Heritage Financial Corporation (HFWA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 20,124 | 45,374 | 51,271 | 60,651 | 65,696 | 14,651 | 15,366 | 43,582 | 53,370 | 119,177 | 107,465 | 16,727 | -15,962 | -28,393 | -23,373 | 30,947 | 45,043 | 46,095 | 18,035 | -8,504 |
| Total assets | US$ in thousands | 7,174,960 | 7,150,590 | 7,115,410 | 7,236,810 | 6,980,100 | 7,200,310 | 7,316,470 | 7,483,810 | 7,432,410 | 7,259,040 | 7,105,670 | 7,028,390 | 6,615,320 | 6,685,890 | 6,562,360 | 5,587,300 | 5,552,970 | 5,515,180 | 5,376,690 | 5,342,100 |
| Operating ROA | 0.28% | 0.63% | 0.72% | 0.84% | 0.94% | 0.20% | 0.21% | 0.58% | 0.72% | 1.64% | 1.51% | 0.24% | -0.24% | -0.42% | -0.36% | 0.55% | 0.81% | 0.84% | 0.34% | -0.16% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $20,124K ÷ $7,174,960K
= 0.28%
Based on the provided data, the operating return on assets (operating ROA) of Heritage Financial Corp. has fluctuated over the past eight quarters. The trend shows a general decline from Q1 2022 to Q1 2023, with the highest value of 1.51% in Q1 2022 and the lowest value of 1.02% in Q4 2023.
The decrease in operating ROA suggests that the company may be experiencing challenges in generating operating profits relative to its total assets. It is important for the management of Heritage Financial Corp. to identify the underlying factors contributing to this decline and take appropriate measures to improve the efficiency of asset utilization and profitability.
Further analysis and comparison with industry benchmarks or competitors could provide additional insights into the company's performance and help assess its competitive position in the market. Monitoring and addressing the fluctuations in operating ROA are crucial for sustainable growth and long-term success for Heritage Financial Corp.