Essoukna Real Estate Company Sees Significant Decline in Revenue in Q1 2024
During the first quarter of 2024, Essoukna, a real estate company, recorded a significant decline in revenue of approximately 78.57%.
The company's expenses, on the other hand, increased substantially, with a surge of around 169.99% compared to the previous year. This substantial increase in expenses can be attributed to increased investments in new projects or a rise in operational costs.
Meanwhile, the company's inventory has more than doubled, with a growth rate of around 134.57% compared to the same period last year. This notable increase in inventory suggests a significant accumulation of products or goods during the first quarter of 2024.
In contrast, the company's accounts receivable decreased by approximately 53.36% during the same period. This decline indicates a reduction in outstanding debts owed to the company, which can be interpreted as an improvement in customer account management or a decrease in credit sales.