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

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 155.53 (%).Trend:Decrease 76.88% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 250.18 (%).Trend:Increase 60.86% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 67.96 (%).Trend:Decrease 72.84% than previous quarter

Overall: decreasing (-56.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 101.24 (%).Trend:Decrease 79.61% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 161.19 (%).Trend:Increase 59.22% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 28.91 (%).Trend:Decrease 82.06% than previous quarter

Overall: decreasing (-71.44%). Fluctuation: **Significant** (high variation).


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

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 22.43 (%).Trend:Decrease 91.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -9.79 (%).Trend:Decrease 143.65% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 1.44 (%).Trend:Decrease 114.71% than previous quarter

Overall: decreasing (-93.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.3 (%).Trend:Decrease 34.78% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.06 (%).Trend:Decrease 24.6% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.35 (%).Trend:Decrease 16.87% than previous quarter

Overall: decreasing (-37.32%). Fluctuation: **Neutral** (moderate variation).


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

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 3.6 (%).Trend:Decrease 57.3% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -0.83 (%).Trend:Decrease 123.06% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 0.47 (%).Trend:Decrease 156.63% than previous quarter

Overall: decreasing (-86.94%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -3.89 (USD).Trend:Increase 134.34% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.55 (USD).Trend:Decrease 85.86% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.02 (USD).Trend:Decrease 96.36% than previous quarter

Overall: increasing (-99.49%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q3 2023,  Liabilities on Revenue (-56.3%) and Current assets on Revenue (-71.44%) show overall decreases with significant fluctuations.  The Ratio of Retained Earnings to Revenue dramatically decreased (-93.58%).  The SG&A Expense Ratio decreased (-37.32%), showing less fluctuation.  Retained Earning on Assets decreased significantly (-86.94%), and Earning Per Share showed a large overall increase despite significant volatility.