Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 87.76 (%).Trend:Decrease 31.42% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 118.32 (%).Trend:Increase 34.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 82.46 (%).Trend:Decrease 30.31% than previous quarter

Overall: decreasing (-6.04%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 36.01 (%).Trend:Decrease 22.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.07 (%).Trend:Increase 36.27% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 50.68 (%).Trend:Increase 3.28% than previous quarter

Overall: increasing (40.74%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -35.56 (%).Trend:Decrease 15.65% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -102.54 (%).Trend:Increase 188.36% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -75.36 (%).Trend:Decrease 26.51% than previous quarter

Overall: decreasing (111.92%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets -8.67 (%).Trend:Increase 26.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -17.92 (%).Trend:Increase 106.69% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -19.01 (%).Trend:Increase 6.08% than previous quarter

Overall: decreasing (119.26%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -3.0 (USD).Trend:Increase 53.85% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.0 (USD).Trend:Decrease 33.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (33.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q3 2023 show mixed results, with significant volatility. Liabilities-to-revenue ratios show a small overall decrease, but with fluctuations.  Current asset-to-revenue ratios show a slight increase overall, but again with significant fluctuation. Cost efficiency (Ratio of Retained Earnings to Revenue) demonstrates a considerable overall decline. Investment efficiency experiences a substantial decrease.  Earnings per share exhibit a consistent negative trend and considerable variation.  Overall, the data highlights the need for a comprehensive review of the underlying causes of these fluctuating trends to address potential financial challenges.