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 31.25 (%).Trend:Decrease 52.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 176.93 (%).Trend:Increase 466.18% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 41.84 (%).Trend:Decrease 76.35% than previous quarter

Overall: increasing (33.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 75.46 (%).Trend:Decrease 47.96% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 436.63 (%).Trend:Increase 478.62% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 70.86 (%).Trend:Decrease 83.77% than previous quarter

Overall: decreasing (-6.1%). 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 37.22 (%).Trend:Decrease 52.51% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 174.31 (%).Trend:Increase 368.32% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 31.38 (%).Trend:Decrease 82.0% than previous quarter

Overall: decreasing (-15.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.42 (%).Trend:Decrease 9.76% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.4 (%).Trend:Increase 69.21% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.95 (%).Trend:Decrease 42.83% than previous quarter

Overall: decreasing (-3.26%). Fluctuation: **Significant** (high 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 25.57 (%).Trend:Decrease 9.74% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 20.24 (%).Trend:Decrease 20.84% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.38 (%).Trend:Increase 10.57% than previous quarter

Overall: decreasing (-12.48%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -3.91 (USD).Trend:Decrease 195.83% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.17 (USD).Trend:Decrease 70.08% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.0 (USD).Trend:Decrease 185.47% than previous quarter

Overall: increasing (-125.58%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2022 to Q3 2023 shows significant fluctuations in key metrics.  Liabilities on revenue initially decreased, then increased substantially in Q1 2023, and then decreased again in Q3 2023. Current assets on revenue showed a similar pattern of large fluctuations, increasing then declining significantly.  Cost efficiency, as measured by the ratio of retained earnings to revenue and the SG&A expense ratio, shows substantial fluctuations throughout the period, with a overall declining trend. Investment efficiency shows a moderate decline in retained earnings on assets. Earnings per share are largely negative and show substantial fluctuation.