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 178.23 (%).Trend:Increase 102.07% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 83.08 (%).Trend:Decrease 53.39% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 58.45 (%).Trend:Decrease 29.65% than previous quarter

Overall: decreasing (-67.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 1415.91 (%).Trend:Increase 123.02% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 599.98 (%).Trend:Decrease 57.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 509.92 (%).Trend:Decrease 15.01% than previous quarter

Overall: decreasing (-63.99%). 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 -3848.07 (%).Trend:Increase 157.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1936.97 (%).Trend:Decrease 49.66% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -1471.46 (%).Trend:Decrease 24.03% than previous quarter

Overall: increasing (-61.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 40.48 (%).Trend:Decrease 42.58% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.88 (%).Trend:Decrease 1.48% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 47.2 (%).Trend:Increase 18.36% than previous quarter

Overall: increasing (16.6%). 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 -159.86 (%).Trend:Increase 10.56% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -170.14 (%).Trend:Increase 6.43% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -157.12 (%).Trend:Decrease 7.65% than previous quarter

Overall: increasing (-1.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 81.48% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.13 (USD).Trend:Increase 160.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.19 (USD).Trend:Increase 46.15% than previous quarter

Overall: decreasing (280.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 show a troubling trend of significant volatility across multiple key financial metrics.  Working capital efficiency, as measured by liabilities and current assets on revenue, experienced substantial decreases.  Cost efficiency, as reflected in the declining retained earnings to revenue ratio, indicates further strain. However, SG&A expense ratio displayed relatively consistent downward trends, while investment efficiency and earnings per share metrics show substantial decreases, suggesting a need for corrective actions.