Heritage Commerce Corp

NASDAQ HTBK

Data sourced from iex and EODHD
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Heritage Commerce Corp Accounts Payable Turnover Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending September 30, 2023: -8.60%

Heritage Commerce Corp Accounts Payable Turnover Ratio 5 year CAGR is -8.60% for the Trailing 12 Months (TTM) ending September 30, 2023, a 10.24% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Heritage Commerce Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.40, a 2.05% change year over year.
  • Heritage Commerce Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.39, a 6.72% change year over year.
  • Heritage Commerce Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.37, a -29.98% change year over year.
  • Heritage Commerce Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.52, a -16.24% change year over year.
NASDAQ: HTBK

Heritage Commerce Corp

CEO Mr. Robertson Jones
IPO Date July 30, 1998
Location United States
Headquarters 224 Airport Parkway, San Jose, CA, United States, 95110
Employees 351
Sector Financial Services
Industry Banks - regional
Description

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio comprises commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; small business administration loans; home equity lines of credit; multifamily loans on residential properties; residential mortgage loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier's checks, bank by mail, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online bill pay, homeowner association, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services, as well as other customary banking, factoring financing, and electronic banking services. Heritage Commerce Corp was founded in 1994 and is headquartered in San Jose, California.

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StockViz Staff

September 20, 2024

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