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 110.77 (%).Trend:Increase 153.65% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.21 (%).Trend:Decrease 50.16% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 37.11 (%).Trend:Decrease 32.78% than previous quarter

Overall: decreasing (-66.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 159.46 (%).Trend:Increase 201.32% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.89 (%).Trend:Decrease 53.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 64.51 (%).Trend:Decrease 13.86% than previous quarter

Overall: decreasing (-59.54%). 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 -297.61 (%).Trend:Increase 248.49% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -150.03 (%).Trend:Decrease 49.59% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -101.27 (%).Trend:Decrease 32.5% than previous quarter

Overall: increasing (-65.97%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -77.61 (%).Trend:Increase 43.8% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -82.12 (%).Trend:Increase 5.81% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -75.69 (%).Trend:Decrease 7.83% than previous quarter

Overall: increasing (-2.47%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.57 (USD).Trend:Decrease 90.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.79 (USD).Trend:Increase 38.6% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.24 (USD).Trend:Increase 56.96% than previous quarter

Overall: decreasing (117.54%). Fluctuation: **Significant** (high variation).



The financial statements show substantial volatility across key metrics from Q1 to Q3 2023. Liabilities on revenue are decreasing but with significant quarterly fluctuations.  Current assets on revenue also show a decreasing trend, again with high variability.  Cost efficiency (retained earnings to revenue) displays an increasing trend, but the fluctuations are significant.  Investment efficiency (retained earnings on assets) and earnings per share are both also showing significant fluctuation and overall decreasing trends. This suggests instability and a need for further analysis to understand the drivers of these changes.