Erratic Operating Cash FlowOperating cash flow falling to zero signals weak cash generation despite reported profits. This undermines the company's ability to fund capex, service debt, or build liquidity internally, raising the likelihood of external financing and constraining strategic flexibility over coming months.
Declining Revenue TrendMaterial year-on-year revenue decline reflects weakening demand or loss of market share. Persistent top-line contraction pressures margins, free cash flow and investment capacity, making it harder to execute growth initiatives or absorb adverse commodity cycles in the medium term.
Eroding Equity Ratio And ROE VolatilityA declining equity ratio implies rising reliance on debt over time, increasing financial risk and refinancing exposure. Coupled with inconsistent ROE, this signals unstable returns on capital and complicates long-term capital allocation and investor confidence across multiple reporting periods.