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 141.01 (%).Trend:Increase 259.26% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.45 (%).Trend:Decrease 61.39% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.53 (%).Trend:Decrease 36.58% than previous quarter

Overall: decreasing (-75.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 179.2 (%).Trend:Increase 352.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 61.52 (%).Trend:Decrease 65.67% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.63 (%).Trend:Decrease 38.83% than previous quarter

Overall: decreasing (-79.0%). 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 0.05 (%).Trend:Decrease 105.32% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 0.81 (%).Trend:Increase 1520.0% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 0.12 (%).Trend:Decrease 85.19% than previous quarter

Overall: increasing (140.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.12 (%).Trend:Increase 0.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.07 (%).Trend:Decrease 2.33% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.32 (%).Trend:Decrease 1.7% than previous quarter

Overall: decreasing (-3.99%). 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 0.01 (%).Trend:Decrease 101.89% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 0.32 (%).Trend:Increase 3100.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 0.07 (%).Trend:Decrease 78.12% than previous quarter

Overall: increasing (600.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 91.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.07 (USD).Trend:Increase 133.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.03 (USD).Trend:Decrease 57.14% than previous quarter

Overall: stable (0.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 highlight significant volatility in key performance indicators. Working capital efficiency shows substantial decreases in liabilities and current assets relative to revenue. Cost efficiency shows minimal fluctuation in the SG&A ratio, but large swings in retained earnings ratios and earnings per share (EPS). Investment efficiency exhibits substantial increases and decreases in retained earnings on assets. EPS demonstrates considerable instability. The high degree of fluctuation across the board necessitates further investigation to uncover the root causes of this instability and potential mitigation strategies.