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 62.06 (%).Trend:Increase 225.95% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.15 (%).Trend:Decrease 41.75% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.33 (%).Trend:Decrease 29.93% than previous quarter

Overall: decreasing (-59.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 194.3 (%).Trend:Increase 303.2% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 91.79 (%).Trend:Decrease 52.76% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.79 (%).Trend:Decrease 40.31% than previous quarter

Overall: decreasing (-71.8%). 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 62.4 (%).Trend:Increase 159.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 25.15 (%).Trend:Decrease 59.7% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 23.25 (%).Trend:Decrease 7.55% than previous quarter

Overall: decreasing (-62.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.95 (%).Trend:Decrease 2.13% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.4 (%).Trend:Decrease 12.97% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.8 (%).Trend:Increase 13.46% than previous quarter

Overall: decreasing (-1.26%). 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 12.46 (%).Trend:Decrease 17.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.76 (%).Trend:Decrease 13.64% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 13.03 (%).Trend:Increase 21.1% than previous quarter

Overall: increasing (4.57%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.01 (USD).Trend:Decrease 98.08% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.55 (USD).Trend:Increase 5400.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.44 (USD).Trend:Decrease 180.0% than previous quarter

Overall: increasing (-4500.0%). Fluctuation: **Significant** (high variation).



The financial data from Q1 to Q3 2023 reveals substantial fluctuations in working capital efficiency. Liabilities on revenue decreased by 59.18%, but with significant volatility. Current assets on revenue also decreased substantially (-71.8%), similarly exhibiting significant variability. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased by 62.74% with significant volatility.  SG&A expense ratio showed a smaller decrease of 1.26% but with little fluctuation.  Investment efficiency (retained earnings on assets) rose by 4.57% with low variability, while earnings per share saw considerable instability, moving from a loss to a gain, then back to a loss, showing significant fluctuations.