The Financial Red-Flag Detector

Review these financials as a sceptical analyst looking for red flags and
earnings-quality issues.

Financials: [PASTE OR DESCRIBE]
Context: [PUBLIC / PRIVATE, INDUSTRY, ANY KNOWN PRESSURES]

Look specifically for:
1. Profit rising while operating cash flow falls
2. Receivables or inventory growing faster than revenue
3. Margins that look too smooth or too good for the industry
4. Heavy reliance on one-time gains, capitalised costs, or reserve
   changes
5. Related-party items, unusual accruals, or footnote-buried surprises
6. Debt or off-balance-sheet obligations that change the risk picture

For each flag: what you see, why it matters, and the question I should
ask management. Be clear about what is genuinely concerning versus merely
worth noting.