Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 199.53 (%).Trend:Increase 217.02% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 87.44 (%).Trend:Decrease 56.18% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 58.25 (%).Trend:Decrease 33.38% than previous quarter

Overall: decreasing (-70.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 347.45 (%).Trend:Increase 220.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 159.5 (%).Trend:Decrease 54.09% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 104.13 (%).Trend:Decrease 34.71% than previous quarter

Overall: decreasing (-70.03%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -516.07 (%).Trend:Increase 237.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -236.77 (%).Trend:Decrease 54.12% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -151.7 (%).Trend:Decrease 35.93% than previous quarter

Overall: increasing (-70.6%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets -106.78 (%).Trend:Increase 2.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -106.7 (%).Trend:Decrease 0.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -105.02 (%).Trend:Decrease 1.57% than previous quarter

Overall: increasing (-1.65%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.06 (USD).Trend:Increase 200.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 33.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.07 (USD).Trend:Decrease 12.5% than previous quarter

Overall: decreasing (16.67%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2023 reveals significant volatility across various financial metrics.  Liability-to-revenue and current asset-to-revenue ratios demonstrate an overall decrease, with notable quarter-to-quarter fluctuations.  Cost efficiency, measured by retained earnings-to-revenue, exhibits a similar pattern of a large overall increase despite negative values.  Investment efficiency, as measured by retained earnings on assets, displays a small overall decrease.  Earnings per share show a general downward trend with significant quarter-to-quarter shifts.