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 159.53 (%).Trend:Increase 219.51% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 75.68 (%).Trend:Decrease 52.56% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 50.96 (%).Trend:Decrease 32.66% than previous quarter

Overall: decreasing (-68.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 227.6 (%).Trend:Increase 192.13% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 109.92 (%).Trend:Decrease 51.7% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 70.23 (%).Trend:Decrease 36.11% than previous quarter

Overall: decreasing (-69.14%). 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 -534.54 (%).Trend:Increase 151.36% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -246.05 (%).Trend:Decrease 53.97% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -194.83 (%).Trend:Decrease 20.82% than previous quarter

Overall: increasing (-63.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.19 (%).Trend:Increase 1.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.5 (%).Trend:Decrease 8.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.74 (%).Trend:Increase 1.3% than previous quarter

Overall: decreasing (-7.18%). 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 -141.99 (%).Trend:Decrease 8.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -140.23 (%).Trend:Decrease 1.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -179.69 (%).Trend:Increase 28.14% than previous quarter

Overall: decreasing (26.55%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.18 (USD).Trend:Decrease 60.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.28 (USD).Trend:Increase 55.56% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.64 (USD).Trend:Increase 485.71% than previous quarter

Overall: decreasing (811.11%). Fluctuation: **Significant** (high variation).



The financial statements for Q1-Q3 2023 indicate significant instability in working capital efficiency.  Liabilities and current assets on revenue decreased over the period, indicating a possible improvement in short-term liquidity, but with significant quarter-to-quarter swings.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is increasing, but with substantial volatility. The SG&A expense ratio shows a stable downward trend, suggesting efficient cost management. Investment efficiency, as measured by retained earnings on assets, also shows a volatile downward trend.  Earnings per share are consistently negative and highly variable, signaling potential ongoing challenges. Overall, significant fluctuations and declining earnings per share are cause for concern.