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 141.01 (%).Trend:Increase 259.26% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.45 (%).Trend:Decrease 61.39% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.53 (%).Trend:Decrease 36.58% than previous quarter

Overall: decreasing (-75.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 179.2 (%).Trend:Increase 352.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 61.52 (%).Trend:Decrease 65.67% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.63 (%).Trend:Decrease 38.83% than previous quarter

Overall: decreasing (-79.0%). 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 0.05 (%).Trend:Decrease 105.32% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 0.81 (%).Trend:Increase 1520.0% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 0.12 (%).Trend:Decrease 85.19% than previous quarter

Overall: increasing (140.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.12 (%).Trend:Increase 0.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.07 (%).Trend:Decrease 2.33% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.32 (%).Trend:Decrease 1.7% than previous quarter

Overall: decreasing (-3.99%). 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 0.01 (%).Trend:Decrease 101.89% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 0.32 (%).Trend:Increase 3100.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 0.07 (%).Trend:Decrease 78.12% than previous quarter

Overall: increasing (600.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 91.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.07 (USD).Trend:Increase 133.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.03 (USD).Trend:Decrease 57.14% than previous quarter

Overall: stable (0.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 show highly volatile performance. Working capital efficiency reveals significant decreases in liabilities and current assets relative to revenue.  Cost efficiency displays moderate fluctuation in the SG&A expense ratio but substantial swings in retained earnings ratios and EPS. Investment efficiency showcases huge fluctuations in retained earnings on assets. Earnings per share remain unstable. The high degree of variation across all metrics signals potential risks and warrants further analysis of underlying causes and corrective measures.