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 104.31 (%).Trend:Increase 245.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.49 (%).Trend:Decrease 53.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.98 (%).Trend:Decrease 31.99% than previous quarter

Overall: decreasing (-68.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 185.24 (%).Trend:Increase 238.89% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 87.22 (%).Trend:Decrease 52.92% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.86 (%).Trend:Decrease 37.1% than previous quarter

Overall: decreasing (-70.38%). 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 -30.67 (%).Trend:Increase 1804.97% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -17.54 (%).Trend:Decrease 42.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -14.14 (%).Trend:Decrease 19.38% than previous quarter

Overall: increasing (-53.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.02 (%).Trend:Increase 41.26% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.98 (%).Trend:Decrease 1.98% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.04 (%).Trend:Increase 3.03% than previous quarter

Overall: increasing (0.99%). 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 -5.7 (%).Trend:Increase 437.74% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -6.65 (%).Trend:Increase 16.67% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -8.08 (%).Trend:Increase 21.5% than previous quarter

Overall: decreasing (41.75%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 200.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (100.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 reveal a mixed financial performance.  Working capital efficiency displays considerable declines in liabilities and current assets on revenue.  Cost efficiency demonstrates an overall increase in the ratio of retained earnings to revenue, although with significant volatility. The SG&A expense ratio has a minor increase, while invest efficiency and earnings per share are both decreasing with large variations.