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 112.19 (%).Trend:Increase 168.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.16 (%).Trend:Decrease 46.38% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 48.31 (%).Trend:Decrease 19.7% than previous quarter

Overall: decreasing (-56.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 350.25 (%).Trend:Increase 166.37% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 170.1 (%).Trend:Decrease 51.43% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 118.83 (%).Trend:Decrease 30.14% than previous quarter

Overall: decreasing (-66.07%). 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 -105.48 (%).Trend:Increase 579.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -55.99 (%).Trend:Decrease 46.92% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -48.77 (%).Trend:Decrease 12.9% than previous quarter

Overall: increasing (-53.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -19.27 (%).Trend:Increase 141.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -21.39 (%).Trend:Increase 11.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -29.09 (%).Trend:Increase 36.0% than previous quarter

Overall: decreasing (50.96%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.38 (USD).Trend:Decrease 27.37% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.14 (USD).Trend:Increase 55.07% than previous quarter
Year 2023 Quarter 3: Earning Per Share -4.47 (USD).Trend:Increase 108.88% than previous quarter

Overall: decreasing (223.91%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2023 indicate a pattern of declining working capital efficiency, with liabilities on revenue decreasing (-56.94%) and current assets on revenue experiencing a greater decrease (-66.07%).  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a negative overall trend.  Investment efficiency, measured by retained earnings on assets, continues a negative trend (50.96%). Finally, earnings per share show a substantial decrease (223.91%).  The financial data suggest a period of decreasing performance and potential financial difficulty.