Working Capital Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2023 Quarter 1: Liabilities on Revenue 283.02 (%).Trend:Increase 391.1% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 125.77 (%).Trend:Decrease 55.56% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 94.54 (%).Trend:Decrease 24.83% than previous quarter

Overall: decreasing (-66.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 353.44 (%).Trend:Increase 382.71% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 154.13 (%).Trend:Decrease 56.39% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 110.38 (%).Trend:Decrease 28.39% than previous quarter

Overall: decreasing (-68.77%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 197.25 (%).Trend:Increase 471.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 90.44 (%).Trend:Decrease 54.15% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 60.24 (%).Trend:Decrease 33.39% than previous quarter

Overall: decreasing (-69.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.24 (%).Trend:Increase 91.94% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.83 (%).Trend:Decrease 9.25% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.44 (%).Trend:Decrease 2.82% than previous quarter

Overall: decreasing (-11.81%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2023 Quarter 1: Retained Earning on Assets 18.02 (%).Trend:Increase 6.19% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 17.79 (%).Trend:Decrease 1.28% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 16.24 (%).Trend:Decrease 8.71% than previous quarter

Overall: decreasing (-9.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 98.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.14 (USD).Trend:Increase 600.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.55 (USD).Trend:Increase 292.86% than previous quarter

Overall: increasing (2650.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 display considerable decline with large fluctuations.  Working capital efficiency, measured by liabilities and current assets on revenue, are decreasing sharply.  Cost efficiency, shown by the retained earnings-to-revenue ratio and SG&A ratio, also exhibits a significant downward trend.  Investment efficiency (retained earnings on assets) decreases slightly, while earnings per share exhibit a substantial decline, followed by increases. The data suggests a period of financial downturn marked by unpredictable shifts.