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 52.99 (%).Trend:Increase 151.02% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.67 (%).Trend:Decrease 49.67% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.38 (%).Trend:Decrease 31.08% than previous quarter

Overall: decreasing (-65.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 130.84 (%).Trend:Increase 159.71% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 63.65 (%).Trend:Decrease 51.35% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 45.37 (%).Trend:Decrease 28.72% than previous quarter

Overall: decreasing (-65.32%). 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 4.22 (%).Trend:Decrease 6.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -18.19 (%).Trend:Decrease 531.04% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -13.15 (%).Trend:Decrease 27.71% than previous quarter

Overall: decreasing (-411.61%). 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 1.02 (%).Trend:Decrease 67.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -9.67 (%).Trend:Decrease 1048.04% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -10.6 (%).Trend:Increase 9.62% than previous quarter

Overall: decreasing (-1139.22%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.38 (USD).Trend:Decrease 92.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share -3.25 (USD).Trend:Increase 755.26% than previous quarter
Year 2023 Quarter 3: Earning Per Share -3.55 (USD).Trend:Increase 9.23% than previous quarter

Overall: decreasing (834.21%). Fluctuation: **Significant** (high variation).



Financial analysis of the provided data reveals significant volatility in key financial metrics from Q1 2023 to Q3 2023.  Both liabilities and current assets on revenue are decreasing but with substantial quarter-to-quarter variation.  Profitability, as measured by the ratio of retained earnings to revenue, is sharply negative, indicating a decline in profitability relative to revenue.  Investment efficiency, measured by retained earnings on assets, is also significantly negative and highly volatile.  Earnings per share are also negative and show significant fluctuations.  Data for SG&A expense is missing.