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 26.11 (%).Trend:Decrease 51.6% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.31 (%).Trend:Increase 77.36% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.84 (%).Trend:Decrease 31.25% than previous quarter

Overall: increasing (21.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 81.38 (%).Trend:Decrease 36.36% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 122.5 (%).Trend:Increase 50.53% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 80.83 (%).Trend:Decrease 34.02% than previous quarter

Overall: decreasing (-0.68%). Fluctuation: **Neutral** (moderate 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 0.08 (%).Trend:Decrease 96.75% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -6.37 (%).Trend:Decrease 8062.5% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -3.17 (%).Trend:Decrease 50.24% than previous quarter

Overall: decreasing (-4062.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.94 (%).Trend:Decrease 5.76% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.27 (%).Trend:Increase 15.18% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.57 (%).Trend:Decrease 6.73% than previous quarter

Overall: increasing (7.43%). Fluctuation: **Little** (low 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 0.06 (%).Trend:Decrease 94.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.8 (%).Trend:Decrease 4766.67% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -2.22 (%).Trend:Decrease 20.71% than previous quarter

Overall: decreasing (-3800.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.44 (USD).Trend:Increase 214.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.72 (USD).Trend:Increase 63.64% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.52 (USD).Trend:Decrease 27.78% than previous quarter

Overall: decreasing (18.18%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2022 to Q3 2023 shows a concerning trend across most metrics. Liabilities on revenue exhibit an overall increase (21.95%), but with substantial quarter-to-quarter variation. Current assets on revenue show a slight decrease (-0.68%). Cost Efficiency is severely negative with a dramatic decline (-4062.5%) in the Ratio of Retained Earnings to Revenue, and extreme volatility. SG&A Expense Ratio reveals a slight increase (7.43%). Invest Efficiency shows a large decrease (-3800.0%) in Retained Earnings on Assets with significant volatility, and earnings per share shows a large decrease (18.18%).