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 72.69 (%).Trend:Increase 203.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.64 (%).Trend:Decrease 52.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.05 (%).Trend:Decrease 27.68% than previous quarter

Overall: decreasing (-65.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 117.75 (%).Trend:Increase 164.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.09 (%).Trend:Decrease 52.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 39.37 (%).Trend:Decrease 29.81% than previous quarter

Overall: decreasing (-66.56%). 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 -24.19 (%).Trend:Increase 317.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -15.38 (%).Trend:Decrease 36.42% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -9.59 (%).Trend:Decrease 37.65% than previous quarter

Overall: increasing (-60.36%). 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 -8.56 (%).Trend:Increase 46.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -10.9 (%).Trend:Increase 27.34% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -10.47 (%).Trend:Decrease 3.94% than previous quarter

Overall: decreasing (22.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Increase 700.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.23 (USD).Trend:Increase 187.5% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.24 (USD).Trend:Increase 4.35% than previous quarter

Overall: decreasing (200.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal a pattern of significant fluctuation in working capital efficiency, cost efficiency, investment efficiency, and earnings per share. Liabilities on revenue decreased from Q1 to Q3 2023. Current assets on revenue also decreased over the same period. The ratio of retained earnings to revenue showed a fluctuating overall trend, however, with significant increases and decreases between quarters. Invest efficiency shows a decrease, while earnings per share continue to be negative with substantial changes between quarters.  The high volatility across these metrics demands further analysis.