Decline In Profitability Research Articles

Analyzing the Issues of Declining Revenue in Shiseido Group

The popularity of COVID-19 has led to a change in Shiseido China's revenue profile, with changes in turnover and operating profit between 2020 and 2022. The purpose of this paper was to explore the reasons for the decline in Shiseido China's turnover and profitability and make recommendations for improvement. The paper applied analysis and observation of Shiseido's revenue data, relevant data from the National Bureau of Statistics, and revenue data from competing brands, and combined theoretical knowledge in marketing to conclude that the first reason for the slow growth in Shiseido China's revenue and decrease in profit was the decline in product sales, with suggestions for making more use of China's emerging platforms for marketing and sales activities in response. The second reason for the slow revenue growth and profit decline in Shiseido China was that Shiseido was facing an aging brand crisis and was not appealing to young consumers. The recommendations in this paper were to enhance the brand rejuvenation of the Premium brand to increase its appeal to young people. The third reason for Shiseido's slow revenue growth and profit decline in China was the shift in consumer motivation that drives Chinese consumers to spend and Shiseido's failure to make timely strategic adjustments. The suggestions for improvement in this paper were to refocus cosmetics marketing campaigns, accelerate the rate of market research and strategic policy improvement, and establish a more dynamic mechanism.

Transformational Leadership in Improving Employee Integrity at Lembaga Perkreditan Desa (LPD) in Bali Province

Growth in the number of LPDs is not followed by the amount of profit growth. There has been a decline in profit from 2020 to 2021. The decline in assets occurred by 3 percent until December 2020 compared to 2019. Meanwhile, in 2021 the decline in assets was 0.02 percent compared to 2021. A total of 130 LPDs were recorded as no longer operating. Until 2022, there are 36 LPDs experiencing legal problems due to a lack of employee integrity. This study was conducted to find answers to the question of how the influence of transformational leadership on employee integrity in LPDs in the Bali region. This study designed a quantitative approach. Quantitative analysis using structural equation model with PLS. The research was conducted in LPDs in nine regencies/cities in Bali Province with 1,437 units. The findings of this study are that the role of leadership in improving employee integrity is very important. Leadership acts as a driving force for employees so that employee integrity can be applied optimally in LPD. In building employee integrity, leaders must have a firm and straightforward commitment to support employees to apply good integrity in providing services to villagers, so that LPD can continue to develop sustainably, and employees have a sincere dedication to serving villagers.

INTERPERSONAL RELATIONSHIPS AND UNEQUAL ACCESSIBILITY TO OFFICIAL FUNDING IN UZBEKISTAN

While a centralized system is wasteful, a market system allocates resources efficiently. Research citing market failures and information gaps as the main culprits highlights the important influence of institutional and political factors on resource allocation. These include formal channels such as order and rules, as well as informal channels such as political connections and personal relationships. Often, exclusive and personal political affiliations play a special role in the decline in profits from formal funding distribution. The article examines the influence of interpersonal contacts on the uneven distribution of official funds in Uzbekistan.

RANCANGAN STRATEGI PENGEMBANGAN USAHA COFFEE SHOP MENGGUNAKAN METODE QUANTITATIVE STRATEGIC PLANNING MATRIX (QSPM) DAN BLUE OCEAN STRATEGY (BOS) DALAM UPAYA MEMPERTAHANKAN USAHA (STUDI KASUS: MEDIAN COFFEE AND EATERY)

The increasing number of coffee shops in Pekanbaru city significantly makes Median Coffee and Eatery required to remain competitive by determining the right planning / strategy. In the last few months Median Coffee and Eatery has experienced a very significant decline in profits. This study aims to design alternative strategies by providing new innovations in developing and maintaining businesses using the Quantitative Strategic Planning Matrix (QSPM) and Blue Ocean Strategy (BOS) methods. Based on the results of calculations using the QSPM method, 7 alternative strategies were obtained, there are 3 priority strategies that have the highest TAS value, namely providing an attractive outdoor area (TAS 7.647), expanding indoor and parking areas (TAS 7.643), and optimizing promotional activities (TAS 7.559). This research is expected to be an evaluation and consideration for business owners so that Median Coffee and Eatery can increase sales.

Crop establishment and nutrient management for production sustainability in rice (Oryza sativa)-wheat (Triticum aestivum) system in eastern India

In eastern Indo-Gangetic Plains (EIGP), conventional rice (Oryza sativa L.)-wheat (Triticum aestivum L.) system has led to a decline in total factor productivity, input-use efficiency, and profitability. A three-year (2020–2022) field experiment was conducted at the farmers’ fields in Merha village of Katoriya, Banka, Bihar on a sandy clay loam soil to evaluate the impact of crop establishment and nutrient management on production sustainability in rice-wheat cropping system. Experiments were conducted in a split-plot design and replicated thrice. The main-plot treatment had crop establishment methods, viz. (i) Broadcasting: paddy seed broadcasted manually; (ii) Dry seeding: seed drilled on moist soil; (iii) Drum-seeding: dry-seed planted using drum seeder on moist soil and; (iv) Wet-seeding: sprouted seeds broadcasted on puddle soil with variety Sabour Ardhjal in rainy (kharif) season and 4-wheat crop establishment method, viz. (i) Broadcasting in CT; (ii) Furrow irrigated raised-bed method; (iii) ZT-drill and; (iv) Seed-cum-ferti-drill machine for wheat variety HD 2967 in winter (rabi) season. The sub-plots were allotted four nutrient management treatments, viz. (i) Farmers’ practice (130:40:10 kg NPK/ha); (ii) 100% RDF (120: 60:40 kg NPK/ha); (iii) Soil- test-based nutrient management (100% chemical fertilizer-125:75:40 kg NPK/ha) and; (iv) Soil-test based nutrient management (75% chemical fertilizer-94:56:30 kg NPK/ha+25% FYM-6.2 t/ha) in wheat, and (i) Farmers practice (140:30:10 kg NPK/ha); (ii) 100% RDF (120:60:40 kg NPK/ha); (iii) Soil-test based nutrient management (100% chemical fertilizer-150:75:40 kg NPK/ha); (iv) Soil-test based nutrient management (75% chemical fertilizer-115:56:30 kg NPK/ha+25% FYM-7 t/ha) in wheat. Our results revealed that overall system productivity and profitability were higher by 44 and 155.5% in wet seeding paddy-ZT drill wheat system in comparison to broadcasting methods of rice and wheat. System productivity was significantly higher by 28.8% in soil-test based nutrient management production system as compared to the farmers' practices. Thus, to achieve better system productivity and profitability, crops may be grown with wet seeding paddy-ZT drill wheat with soil-test based nutrient management practices under eastern Indo-Gangetic Plains of eastern India.

Overcoming Arbitrage Limits: Option Trading and Momentum Returns

AbstractMomentum profits depend mainly on the short leg and therefore on barriers to short sales. Our research indicates that the decline in momentum profitability in the past 2 decades is driven partly by a contemporaneous growth in stock options trading. Stock options offer an alternative to short selling, augmenting the stock lending market, and thereby contributing to improved pricing efficiency. The resulting reduction in barriers to short sales contributes to lower returns to momentum trading from the short leg. Our results persist after matching stocks with and without options based on different firm-level characteristics.

An Analysis of Disneys Revenue during the COVID-19 Pandemic

The COVID-19 pandemic, ever since its outbreak in 2019, has been greatly affecting all aspects of life, and businesses across the world have been hurt as a result of the pandemic and measures taken to prevent it. While Walt Disney Co. has also experienced a decline in profit in years 2020 and 2021, its revenue fluctuates only within 7%, indicating a sign of the success and sustainability of Disneys business model. This paper will focus primarily on Disneys two business segments: the Disney Parks, Experiences and Product (DPEP) segment, and the Disney Media and Entertainment Distribution (DMED) segment. The analysis of revenue generated by these two segments will show how the combination of the two segments manages to keep Disney sustainable, as the decrease in revenue in one will be offset by an increase in another. Moreover, the combination of the two and Disneys reserve of countless well-known intellectual properties will prove the strength in its business model, as it successfully overcame emergencies such as the COVID-19 pandemic.

Effects of COVID-19 on the Tourism Sector: Learning from the Azores Islands

This research aims to examine the impact of COVID-19 on businesses operating in the tourism industry in the Azores. The objective of this survey, conducted in 2021 and 2022, was to investigate the preventive and management measures implemented by the tourist firms, in this outermost region of Portugal, in response to the pandemic, along with the effects on profitability. Additionally, the study aims to assess the contribution of financial support from the regional government toward these businesses’ sustainability and anticipate future expectations. The temporary closure of businesses was the most frequently adopted measure by the firms to adapt to the ongoing pandemic. Most companies reported a significant decline in profitability, with a reduction in customers being the primary contributing factor. Most firms availed themselves of the preceding financial support structures provided by the regional government. Looking forward, the firms expressed their intention to retain their current employees. At the same time, their biggest concern was the potential decrease in consumer demand, even in the context of well-established public health safety protocols.

Pengaruh Ekonomi Makro terhadap Perubahan Laba Operasional Bank Umum Syariah di Bursa Efek Indonesia

This study endeavors to achieve the following objectives: (1) assess the extent of fluctuation in the operational profit of Islamic commercial banks, (2) investigate the impact of inflation on operational profit changes in Islamic commercial banks, (3) analyze the correlation between changes in national income and operational profit in Islamic commercial banks, (4) establish a significant and positive macroeconomic relationship with operational profit variations in Islamic commercial banks, (5) quantify the magnitude of macroeconomic influences on operational profit changes in Islamic commercial banks, and (6) explore potential simultaneous effects of inflation and national income on operational profit changes in Islamic commercial banks. The research employs a descriptive quantitative approach. The findings indicate a substantial and sharp decline in the operational profit of Islamic commercial banks during the period 2019-2021. While the partial analysis reveals no significant impact of inflation on operational profit changes in Islamic commercial banks, a similar lack of influence is observed between national income changes and operational profit fluctuations in Sharia commercial banks. Conversely, the study establishes a positive and statistically significant correlation between macroeconomic variables and operational profit changes in Islamic commercial banks. The Adjusted R Square value stands at 10%. Notably, a simultaneous analysis of inflation and national income variables suggests no combined effect on operational profit changes in Islamic commercial banks.

ANALISIS PENGARUH FUNDING, LENDING, DAN LOAN TO DEPOSIT RATIO TERHADAP KINERJA KEUANGAN DI PT BPR INDRA CANDRA SINGARAJA

Every company certainly wants to achieve maximum profits. The company of PT BPR Indra Candra Singaraja during the covid-19 period experienced unstable profitability. The decline in profitability due to the Covid-19 pandemic can be seen in the financial reports on the ROA ratio from 2019-2022 at PT BPR Indra Candra Singaraja. In the world of banking, the main activities are raising funds and channeling funds. There is a soundness level of a bank that can be measured in terms of the Loan to Deposit Ratio which can describe whether or not a company is healthy.The purpose of this study was to determine the Effect of Funding, Lending, and Loan to Deposit Ratio on Financial Performance at PT. BPR Indra Candra Singaraja. The research method used is a quantitative method. The data analysis technique used in this study is multiple linear regression analysis, classical assumption test, determination analysis, f-test and t-test using the SPSS program. The results showed that funding had an effect on Financial Performance in Profitability of 0.025 units or 11.5% with the T test (2.342> 1.677). The effect of lending on financial performance in profitability is 0.018 units or 5.7% with the T test (2.070> 1.677) and the effect of the loan to deposit ratio on financial performance in profitability is 0.025 units or 8.2% with the T test it is found that (2.022> 1.677). Based on the results of the F-test simultaneously the variables funding, lending, and loan to deposit ratio have an effect on Financial Performance in Bank Profitability with the results of the F-Test hypothesis testing it was found that f-count>f-table (5.029> 1.677) with a significant level of 0.004 <0.05..

Context-aware Big Data Quality Assessment: A Scoping Review

The term data quality refers to measuring the fitness of data regarding the intended usage. Poor data quality leads to inadequate, inconsistent, and erroneous decisions that could escalate the computational cost, cause a decline in profits, and cause customer churn. Thus, data quality is crucial for researchers and industry practitioners. Different factors drive the assessment of data quality. Data context is deemed one of the key factors due to the contextual diversity of real-world use cases of various entities such as people and organizations. Data used in a specific context (e.g., an organization policy) may need to be more efficacious for another context. Hence, implementing a data quality assessment solution in different contexts is challenging. Traditional technologies for data quality assessment reached the pinnacle of maturity. Existing solutions can solve most of the quality issues. The data context in these solutions is defined as validation rules applied within the ETL (extract, transform, load) process, i.e., the data warehousing process. In contrast to traditional data quality management, it is impossible to specify all the data semantics beforehand for big data. We need context-aware data quality rules to detect semantic errors in a massive amount of heterogeneous data generated at high speed. While many researchers tackle the quality issues of big data, they define the data context from a specific standpoint. Although data quality is a longstanding research issue in academia and industries, it remains an open issue, especially with the advent of big data, which has fostered the challenge of data quality assessment more than ever. This article provides a scoping review to study the existing context-aware data quality assessment solutions, starting with the existing big data quality solutions in general and then covering context-aware solutions. The strength and weaknesses of such solutions are outlined and discussed. The survey showed that none of the existing data quality assessment solutions could guarantee context awareness with the ability to handle big data. Notably, each solution dealt only with a partial view of the context. We compared the existing quality models and solutions to reach a comprehensive view covering the aspects of context awareness when assessing data quality. This led us to a set of recommendations framed in a methodological framework shaping the design and implementation of any context-aware data quality service for big data. Open challenges are then identified and discussed.

DAMPAK KEBIJAKAN MONETER PEMULIHAN EKONOMI NASIONAL TERHADAP KINERJA PERBANKAN DI INDONESIA

This study aims to describe how the monetary policy of national economic recovery affects the performance of banks that mediate the running of that policy. This research data uses secondary data in the form of a combination of crossection and time series data also limited by the research time starting from the first quarter of 2020 to the fourth quarter of 2022. The data taken are ROA, BI-7DRR, lending, and credit restructuring. The analysis method used is panel data regression where the model used is random effect. The findings of this study indicate that the monetary policy of national economic recovery is effective in minimizing the impact of COVID-19 on banking performance. After this policy is implemented, changes in the value of lending, credit restructuring, and BI-7DRR minimize the decline in bank profitability in the face of the COVID-19 pandemic. However, when viewed individually, the BI-7DRR instrument shows a negative influence on bank profitability where the decline in BI-7DRR makes bank profitability increase.

Performance Measurement of a Private Hospital during the Pandemic Covid-19

This study aims to analyze the performance of private hospitals during the COVID-19 pandemic through the BSC approach. This research uses a quantitative descriptive approach based on a case study at a private hospital in East Jakarta. A hospital employee-patient survey provided the main data. 2019–2020 hospital reports supplied secondary data. The results showed that, from the customer perspective, there was a decrease in performance in customer acquisition and retention. From the internal business process perspective, there is a decrease in bed occupancy rate and turnover interval. From a financial perspective, there is a decline in profitability and cost recovery rate. The learning perspective is considered good in employee satisfaction, low employee turnover, and regular training, so that it can be concluded that employee retention is well implemented. Overall, hospitals need to review key performance indicators from a customer perspective and internal business processes to improve financial performance.

Corporate Social Responsibility dan Kinerja Perusahaan: Financial Slack sebagai Variabel Moderasi

Company performance has become one of the efforts for an entity to survive. During COVID-19 pandemic, the performance of every company in Indonesia experienced a decline in profits, allowing the company's performance to also decline. The purpose of this research is to describe the relationship between corporate social responsibility and financial slack with company performance. With the disclosure of CSR can make a company's performance better and responded well by stakeholders. However, several previous studies reveal that the effect of CSR disclosure on company performance is still less convincing. Therefore, this study also analyzes the role of financial slack as an independent and moderating variable. This research uses quantitative type method. The data used is historical data from the last five years. The object of this research uses data from companies listed on the IDX for 5 years from the 2016-2020 period. Determination of the sample is based on purposive sampling which uses a sample selection method with certain criteria. The results show that CSR disclosure has a significant negative effect on company performance, financial slack as an independent variable has a significant positive effect on company performance and financial slack as a moderating variable weakens the relationship between company performance and CSR disclosure.

Impact of the board of directors’ structure on the company’s financial results

Subject of study — role of corporate governance practices in managing the largest Russian banks. The relevance of the study is due to the fact that decisions affecting financial results of companies depend on socio-demographic characteristics of their decision-makers and technology of these decisions. The Board of Directors is the body that controls the activities of management, and the efficiency of management decisions depends on its structure. The aim of the study is to estimate the influence of socio-demographic characteristics of directors on financial results of banks. In this research the authors use such method as panel regression analysis to estimate the significance of the obtained results. The sample captures the data on 6 largest Russian banks by total assets for the period 2011–2020. As the result, gender board diversity has a positive and statistically significant impact both on ROA and ROE. Meanwhile, the influence of national diversity on ROE is insignificant whereas the effect of this variable on ROA is significant and negative. In addition to board diversity features, business size is also an important determinant of profitability. The negative influence of this indicator should not be understood literally. The largest Russian banks are examined in this article, so the growth in the volume of their assets is associated with a decline in profitability in relative terms. The analysis also reveals that board independence and leverage do not affect profitability. Conclusion confirm a positive influence of board gender diversity on financial performance of Russian banks. Along with that, a negative impact of national diversity and an insignificant impact of board independence refute the results reported by both foreign and Russian authors. Further research on the influence of corporate governance practices on financial performance of Russian companies is required.

Stock Valuation and Business Performance of PT Indofood Cbp Sukses Makmur Tbk Amidst Wheat Price Volatility During The Russia-Ukraine Crisis

The Russia-Ukraine Crisis in 2022 adversely affected the business performance of PT Indofood CBP Sukses Makmur Tbk (ICBP), the largest noodle manufacturer in Indonesia, due to volatile wheat prices. During Q2, ICBP witnessed a 16% growth in net revenue but a substantial 40.1% decline in profit, primarily attributed to escalating commodity prices. This negative trend persisted in Q3, resulting in a significant 33.4% decrease in net profit despite increased sales. Consequently, ICBP’s stock price experienced a decline. In this context, conducting a comprehensive fundamental analysis that integrates various macroeconomic factors is crucial to evaluate the company’s valuation. This study aims to determine the valuation of the ICBP amidst wheat price volatility during the Russia-Ukraine crisis. This study employs multiple analysis approaches, including financial ratio analysis, intrinsic valuation using free cash flow to firm (FCFF), and relative valuation analysis employing price-earnings ratio (P/E) and enterprise value to EBITDA (EV/EBITDA) ratios. The intrinsic valuation of ICBP suggests a fair stock value of 13,806 Rupiah per share, while the current share price is 10,000 Rupiah per share, indicating an undervaluation of approximately 27.6%. Similarly, the relative valuation analysis reveals that ICBP is undervalued compared to industry peers based on P/E and EV/EBITDA ratios. These findings indicate that ICBP is presently undervalued, presenting an opportunity for future appreciation of its share price.

Forecasting of financial risks of decline in profit and profitability of companies in the retail industry on the basis of correlation and regression analysis of macroeconomic factors

Aim. Development and realization of the innovative approach to forecasting of financial risks of profit and profitability decrease of retail industry companies on the basis of correlation and regression analysis of macroeconomic factors.Tasks. To identify and substantiate the macroeconomic risk factors of decrease in the retail trade turnover of the Russian companies of the retail industry; to develop a methodology of construction and build regression dependence of the total turnover of the companies of the retail trade industry in the Russian Federation (RF) on the macroeconomic factors; to define parameters of the analytical dependence of the retail trade turnover of the leading Russian retailers on the macroeconomic factors; to reveal and argue the position concerning the restrictions of application of correlation and regression analysis.Methods. The authors applied a systematic approach, providing a comprehensive study of the impact of macroeconomic factors on financial risks of profit and profitability reduction, as well as the correlation and regression analysis, methods of mathematical statistics and econometrics.Results. The methodology of estimation and forecasting of financial risks of profit and profitability decrease of the retail industry companies under the influence of external macroeconomic risk factors based on the use of the regression dependence of the retail industry companies turnover on the selected and grounded macroeconomic factors built in the present article is offered.Conclusions. The methodology of building regression dependences of retail turnover on external macroeconomic factors and the methodology of assessing the impact of these factors on the financial risks of reduced profit and profitability indicators proposed in the study are a methodological basis for forecasting changes in the results and efficiency of economic activities of companies in the retail industry and developing preventive measures aimed at reducing the financial risks of such companies. The quantitative assessments of the impact of macroeconomic factors on the retail turnover of leading Russian retailers obtained in the work allow to identify the most significant external macroeconomic risk factors for each of the companies and give a reasonable forecast of changes in retail turnover, profit and profitability indicators of these companies under the influence of macroeconomic factors.

SYSTEMATIC LITERATURE REVIEW: THE EFFECT OF PREMIUMS AND INVESTMENTS ON SHARIA INSURANCE COMPANY PROFITS

This study aims to map the effect of premiums and investments on the profits of Islamic insurance companies. In research using the Systematic Literature Review method, eight articles out of 200 matched the criteria, with search strings from 2018 to 2022. The results showed that (RQ1) the problems contained in research journals varied, namely differences in results from previous studies on Premiums, Investment Returns, and Profits, as well as the decline in profits of Islamic insurance companies. In the research conducted by Alifia Nur Afifah and Anniza Citra Prajasari (2022), there are problems of inconsistency with the results of the previous study on premiums and profitability. In a study conducted by Ridwan Tabe et al. (2018), there are problems with the decline in net profit of the Panin Dai-ichi Life Sharia insurance company. And research conducted by Nur Indah et al. (2021) showed there needs to be more consistency in previous research between premiums for profits and investment for gains. (RQ2) The research method that is often used is the quantitative method; this method is very relevant because quantitative research looks at the "Facts/Truth" that are in the research object out there, and the researcher must be neutral about whatever is found in the field and be impartial. Furthermore, the results of the research question (RQ3) Every year and even in 2022, some journals discuss the effect of premiums and investments on the profits of Islamic companies.

Analysis of the Walt Disney's acquisition of 21st Century Fox

The film and television entertainment industry is a rapidly evolving industry, which must launch products in a short amount of time to cater to the audience. Otherwise, audience loss and a decline in profitability may result. Therefore, acquisition is a crucial business decision for film and entertainment companies, as it expedites the establishment of a production chain. This paper focuses on a series of implications for both companies and the film and entertainment industry as a result of Walt Disney's acquisition of 21st Century Fox. The impact of Disney's acquisition of Fox to launch the streaming service Disney+ on Disney's business position is analyzed in terms of financial data, box office revenues, and other aspects. According to the analysis, Disney has benefited from the acquisition. This acquisition has placed Disney at the top of the U.S. box office and given it the ability to compete with streaming companies like Netflix in the streaming service industry. However, there are also limitations and deficiencies, e.g., it may make the market less diverse. Therefore, in addition to a discussion of the limitations and flaws, this study offers substantial recommendations to allow Disney to simultaneously protect its intellectual property and expand its audience to increase viewership and prevent box office losses.

The financial impact of the COVID-19 pandemic on sleeve gastrectomy at a major academic institution.

The COVID-19- pandemic significantly impacted metabolic and bariatric surgery (MBS) practices due to large-scale surgery cancellations along with staff and supply shortages. We analyzed sleeve gastrectomy (SG) hospital-level financial metrics before and after the COVID-19 pandemic. Hospital cost-accounting software (MicroStrategy, Tysons, VA) was reviewed for revenues, costs, and profits per SG at an academic hospital (2017-2022). Actual figures were obtained, not insurance charge estimates or hospital projections. Fixed costs were obtained through surgery-specific allocation of inpatient hospital and operating-room costs. Direct variable costs were analyzed with sub-components including: (1) labor and benefits, (2) implants, (3) drug costs, and 4) medical/surgical supplies. The pre-COVID-19 period (10/2017-2/2020) and post-COVID-19 period (5/2020-9/2022) financial metrics were compared with student's t-test. Data from 3/2020 to 4/2020 were excluded due to COVID-19-related changes. A total of 739 SG patients were included. Average length of stay (LOS), Center for Medicaid and Medicare Case Mix Index (CMI), and percentage of patients with commercial insurance were similar pre vs. post-COVID-19 (p > 0.05). There were more SG performed per quarter pre-COVID-19 than post-COVID-19 (36 vs. 22; p = 0.0056). Pre-COVID-19 and post-COVID-19 financial metrics per SG differed significantly for, respectively, revenues ($19,134 vs. $20,983) total variable cost ($9457 vs. $11,235), total fixed cost ($2036 vs. $4018), total profit ($7571 vs. $5442), and labor and benefits cost ($2535 vs. $3734; p < 0.05). The post-COVID-19 period was characterized by significantly increased SG fixed cost (i.e., building maintenance, equipment, overhead) and labor costs (increased contract labor), resulting in precipitous profit decline that crosses the break-even in calendar year quarter (CQ) 3, 2022. Potential solutions include minimizing contract labor cost and decreasing LOS.