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 123.95 (%).Trend:Increase 119.23% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 72.34 (%).Trend:Decrease 41.64% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 60.61 (%).Trend:Decrease 16.22% than previous quarter

Overall: decreasing (-51.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 100.76 (%).Trend:Increase 250.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 48.51 (%).Trend:Decrease 51.86% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.49 (%).Trend:Decrease 10.35% than previous quarter

Overall: decreasing (-56.84%). 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 -250.1 (%).Trend:Increase 194.89% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -126.1 (%).Trend:Decrease 49.58% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -110.65 (%).Trend:Decrease 12.25% than previous quarter

Overall: increasing (-55.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.67 (%).Trend:Decrease 6.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.2 (%).Trend:Decrease 1.64% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.82 (%).Trend:Increase 9.29% than previous quarter

Overall: increasing (7.5%). 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 -22.98 (%).Trend:Increase 0.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -23.32 (%).Trend:Increase 1.48% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -23.87 (%).Trend:Increase 2.36% than previous quarter

Overall: decreasing (3.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.2 (USD).Trend:Decrease 600.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.06 (USD).Trend:Decrease 70.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.12 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-40.0%). Fluctuation: **Significant** (high variation).



The financial statements for Q1 2023 to Q3 2023 show liabilities on revenue decreasing from 123.95% in Q1 to 60.61% in Q3.  Current assets on revenue also decreased significantly, from 100.76% to 43.49%. The ratio of retained earnings to revenue shows an increasing trend from -250.1% to -110.65%, though with high variation.  The SG&A expense ratio increased slightly, from 28.67% to 30.82%.  Retained earnings on assets showed a downward trend with an increasing rate. Earnings per share were negative and highly volatile.