Heritage Financial Corporation (HFWA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 38,378 | 46,395 | 55,126 | 57,769 | 74,355 | 94,227 | 98,077 | 100,767 | 99,436 | 95,866 | 95,808 | 113,400 | 120,507 | 124,499 | 118,023 | 70,795 | 53,180 | 45,440 | 47,843 | 74,104 |
| Total assets | US$ in thousands | 7,106,280 | 7,153,360 | 7,059,860 | 7,091,280 | 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 |
| Operating ROA | 0.54% | 0.65% | 0.78% | 0.81% | 1.04% | 1.32% | 1.38% | 1.39% | 1.42% | 1.33% | 1.31% | 1.52% | 1.62% | 1.72% | 1.66% | 1.01% | 0.80% | 0.68% | 0.73% | 1.33% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $38,378K ÷ $7,106,280K
= 0.54%
The operating return on assets (operating ROA) for Heritage Financial Corporation fluctuated over the analyzed period. It started at 1.33% in March 31, 2020, decreased to 0.54% by December 31, 2024, with various ups and downs in between.
Overall, the operating ROA ranged from a high of 1.72% in September 30, 2021, to a low of 0.54% in December 31, 2024. This indicates that the company's operating performance in generating profit from its assets varied throughout the period.
It's essential for the company to closely monitor and analyze the factors affecting this ratio to ensure it remains competitive and sustainable in its operations.