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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Heritage Financial's accounts receivables for the quarter that ended in Dec. 2023 was $19.5 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Heritage Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 35.11.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Heritage Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-141.74.
The historical data trend for Heritage Financial's Accounts Receivable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Heritage Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 14.45 | 19.42 | 14.66 | 18.55 | 19.52 |
Heritage Financial Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 18.55 | 18.97 | 18.79 | 19.52 | 19.90 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Heritage Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 19.518 | / | 50.724 | * | 91 |
= | 35.11 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Heritage Financial's accounts receivable are only considered to be worth 75% of book value:
Heritage Financial's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
Net-Net Working Capital Per Share | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (1359.326 | + | 0.75 * 19.518 | + | 0.5 * 0 | - | 6321.696 |
- | 0 | - | 0) | / | 34.9062 | ||
= | -141.74 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Thank you for viewing the detailed overview of Heritage Financial's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Frederick B Rivera | director | 201 5TH AVE SW, OLYMPIA WA 98501 |
Brian Charneski | director | P O BOX 1578, OLYMPIA WA 98507 |
Jeffrey S Lyon | director | 2542 N VISTA VIEW DRIVE, TACOMA WA 98406 |
Matthew T. Ray | officer: EVP Chief Lending Officer | 201 5TH AVE SW, OLYMPIA WA 98501 |
Eric Kayen Chan | director | 201 5TH AVE SW, OLYMPIA WA 98501 |
Amy E. Curran | officer: EVP Director Commercial Lend | 201 5TH AVE SW, OLYMPIA WA 98501 |
Kelli Ann Wilson | officer: EVP Chief Banking Officer | 201 5TH AVE SW, OLYMPIA WA 98501 |
Cindy M Huntley | officer: SVP Director of Retail Banking | 201 5TH AVE SW, OLYMPIA WA 98507 |
Brian L Vance | director, officer: President and CEO | 2204 57TH WAY NW, OLYMPIA WA 98502 |
John A Clees | director | 4342 SUNSET BEACH DRIVE NW, OLYMPIA WA 98502 |
Tony Chalfant | officer: EVP Chief Credit Officer | 201 5TH ST SW, OLYMPIA WA 98501 |
Gail B. Giacobbe | director | 201 5TH AVE SW, OLYMPIA WA 98501 |
Trevor D. Dryer | director | 201 5TH AVE SW, OLYMPIA WA 98501 |
Gragg E Miller | director | 450 SW BAYSHORE DRIVE, OAK HARBOR WA 98277 |
Jeffrey J Deuel | officer: Executive Vice President | 201 5TH AVENUE SW, OLYMPIA WA 90501 |
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