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 63.79 (%).Trend:Increase 183.01% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.18 (%).Trend:Decrease 47.99% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.07 (%).Trend:Decrease 42.53% than previous quarter

Overall: decreasing (-70.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 189.35 (%).Trend:Increase 168.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.45 (%).Trend:Decrease 52.23% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 62.93 (%).Trend:Decrease 30.43% than previous quarter

Overall: decreasing (-66.77%). 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 -312.06 (%).Trend:Increase 208.73% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -155.53 (%).Trend:Decrease 50.16% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -100.74 (%).Trend:Decrease 35.23% than previous quarter

Overall: increasing (-67.72%). 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 -95.43 (%).Trend:Increase 9.99% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -97.77 (%).Trend:Increase 2.45% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -97.54 (%).Trend:Decrease 0.24% than previous quarter

Overall: decreasing (2.21%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 108.7% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.19 (USD).Trend:Decrease 1050.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.03 (USD).Trend:Increase 442.11% than previous quarter

Overall: increasing (-5250.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal a concerning trend of decreasing working capital efficiency. Liabilities and current assets on revenue both declined substantially. Cost efficiency, determined by the retained earnings-to-revenue ratio, displays a positive, albeit still volatile, trend.  Investment efficiency shows a slight decrease. Earnings per share, however, experienced substantial growth in Q3 2023.  The results signify potential challenges in short-term financial management, while long-term earnings show a positive trend, requiring further investigation to fully understand the underlying reasons.