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 55.64 (%).Trend:Increase 177.23% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.29 (%).Trend:Decrease 45.56% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.1 (%).Trend:Decrease 36.94% than previous quarter

Overall: decreasing (-65.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 35.48 (%).Trend:Increase 357.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 21.4 (%).Trend:Decrease 39.68% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 13.14 (%).Trend:Decrease 38.6% than previous quarter

Overall: decreasing (-62.97%). 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 -287.68 (%).Trend:Increase 179.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -138.03 (%).Trend:Decrease 52.02% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -92.03 (%).Trend:Decrease 33.33% than previous quarter

Overall: increasing (-68.01%). 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 -135.61 (%).Trend:Decrease 4.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -131.59 (%).Trend:Decrease 2.96% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -133.93 (%).Trend:Increase 1.78% than previous quarter

Overall: increasing (-1.24%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 183.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.03 (USD).Trend:Decrease 160.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.08 (USD).Trend:Increase 166.67% than previous quarter

Overall: increasing (-260.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 show significant volatility in working capital efficiency metrics. Liabilities on revenue decreased overall (-65.67%). Current assets on revenue also decreased overall (-62.97%).  Cost efficiency, measured by the ratio of retained earnings to revenue, showed a significant negative trend (-68.01%). Investment efficiency, based on retained earnings on assets, trended slightly upwards (-1.24%).  Earnings per share increased overall (-260%), but with high volatility in each period.