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 140.2 (%).Trend:Increase 226.96% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 51.84 (%).Trend:Decrease 63.02% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.17 (%).Trend:Decrease 43.73% than previous quarter

Overall: decreasing (-79.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 159.28 (%).Trend:Increase 179.49% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 88.35 (%).Trend:Decrease 44.53% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 47.89 (%).Trend:Decrease 45.8% than previous quarter

Overall: decreasing (-69.93%). 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 -1753.87 (%).Trend:Increase 319.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -819.42 (%).Trend:Decrease 53.28% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -502.33 (%).Trend:Decrease 38.7% than previous quarter

Overall: increasing (-71.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 51.1 (%).Trend:Increase 14.16% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.14 (%).Trend:Decrease 5.79% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.33 (%).Trend:Decrease 5.84% than previous quarter

Overall: decreasing (-11.29%). 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 -395.45 (%).Trend:Increase 24.2% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -416.92 (%).Trend:Increase 5.43% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -445.58 (%).Trend:Increase 6.87% than previous quarter

Overall: decreasing (12.68%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q1-Q3 2023 reveal a worrisome decline in working capital efficiency, evidenced by substantial decreases in liabilities on revenue (-79.19%) and current assets on revenue (-69.93%).  This suggests a tightening of financial resources. Cost efficiency shows a decrease in the SG&A expense ratio (-11.29%), which could indicate cost-cutting strategies.  However, the ratio of retained earnings to revenue presents significant variability, with a substantial increase in Q1 before decreasing in subsequent quarters, hindering a clear assessment of cost effectiveness. Investment efficiency also shows a declining trend in retained earnings on assets (12.68%), indicating potential difficulties in generating returns.  These results point to potentially declining profitability and financial stability.