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 78.52 (%).Trend:Increase 242.28% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.15 (%).Trend:Decrease 50.14% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 27.92 (%).Trend:Decrease 28.68% than previous quarter

Overall: decreasing (-64.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 234.04 (%).Trend:Increase 220.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 110.25 (%).Trend:Decrease 52.89% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 72.08 (%).Trend:Decrease 34.62% than previous quarter

Overall: decreasing (-69.2%). 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 -34.07 (%).Trend:Decrease 1484.96% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -27.36 (%).Trend:Decrease 19.69% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -23.43 (%).Trend:Decrease 14.36% than previous quarter

Overall: increasing (-31.23%). 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 -6.51 (%).Trend:Decrease 451.89% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -11.0 (%).Trend:Increase 68.97% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -14.13 (%).Trend:Increase 28.45% than previous quarter

Overall: decreasing (117.05%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -3.0 (USD).Trend:Increase 50.0% than previous quarter

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



Analysis of Q1-Q3 2023 financial statements reveals significant fluctuations in key metrics. Liabilities on revenue decreased overall (-64.44%), while current assets on revenue also decreased (-69.2%).  The ratio of retained earnings to revenue showed an overall increase (-31.23%).  Retained earnings on assets decreased (117.05%), and earnings per share decreased (200%).  All metrics exhibited significant fluctuation.