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 194.97 (%).Trend:Increase 208.4% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 120.48 (%).Trend:Decrease 38.21% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 81.65 (%).Trend:Decrease 32.23% than previous quarter

Overall: decreasing (-58.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 353.36 (%).Trend:Increase 221.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 176.53 (%).Trend:Decrease 50.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 110.63 (%).Trend:Decrease 37.33% than previous quarter

Overall: decreasing (-68.69%). 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 -11.8 (%).Trend:Decrease 287.6% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1.2 (%).Trend:Decrease 89.83% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -62.16 (%).Trend:Increase 5080.0% than previous quarter

Overall: decreasing (426.78%). 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 -0.35 (%).Trend:Decrease 160.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.07 (%).Trend:Decrease 80.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -5.41 (%).Trend:Increase 7628.57% than previous quarter

Overall: decreasing (1445.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.12 (USD).Trend:Decrease 315.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.86 (USD).Trend:Decrease 23.21% than previous quarter
Year 2023 Quarter 3: Earning Per Share -5.81 (USD).Trend:Increase 575.58% than previous quarter

Overall: decreasing (418.75%). Fluctuation: **Significant** (high variation).



Q1 to Q3 2023 financial statements show continued instability. Liabilities on revenue decreased substantially, while current assets followed a similar declining trend. Cost efficiency shows a drastic decrease in the ratio of retained earnings to revenue. Investment efficiency remains significantly negative, with substantial fluctuations.  Earning per share exhibits considerable negative values and large swings over the period.  Overall performance is marked by significant volatility and negative trends in all analyzed metrics.