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 37.51 (%).Trend:Decrease 31.68% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 485400000.0 (%).Trend:Increase 1294054818.69% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 393400000.0 (%).Trend:Decrease 18.95% than previous quarter

Overall: increasing (1048786890.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 171.34 (%).Trend:Decrease 29.38% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1481700000.0 (%).Trend:Increase 864771698.76% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 1123200000.0 (%).Trend:Decrease 24.2% than previous quarter

Overall: increasing (655538594.99%). 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 -1756.23 (%).Trend:Decrease 27.72% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -18525000000.0 (%).Trend:Increase 1054816182.61% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -18820600000.0 (%).Trend:Increase 1.6% than previous quarter

Overall: decreasing (1071647691.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 63.92 (%).Trend:Increase 6.27% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 229500000.0 (%).Trend:Increase 359042453.19% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 703000000.0 (%).Trend:Increase 206.32% than previous quarter

Overall: increasing (1099812165.33%). 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 -937.71 (%).Trend:Increase 3.02% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -1079.67 (%).Trend:Increase 15.14% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -1351.28 (%).Trend:Increase 25.16% than previous quarter

Overall: decreasing (44.1%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.85 (USD).Trend:Increase 57.41% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.29 (USD).Trend:Decrease 65.88% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.24 (USD).Trend:Increase 327.59% than previous quarter

Overall: decreasing (45.88%). Fluctuation: **Significant** (high variation).



The reviewed financial statements (Q3 2022-Q3 2023) highlight significant fluctuations and instability.  Working capital efficiency, while showing overall growth, experienced dramatic quarterly changes in liabilities and current assets relative to revenue. Cost efficiency is severely hampered by a substantial decrease in retained earnings to revenue coupled with a dramatic rise in SG&A expenses.  Investment efficiency indicators (retained earnings on assets and earnings per share) display an overall negative trend and high volatility.