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 3676150.0 (%).Trend:Increase 83097.17% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 20325.0 (%).Trend:Decrease 99.45% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22871.43 (%).Trend:Increase 12.53% than previous quarter

Overall: decreasing (-99.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 7501750.0 (%).Trend:Increase 1923.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 1667825.0 (%).Trend:Decrease 77.77% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 878128.57 (%).Trend:Decrease 47.35% than previous quarter

Overall: decreasing (-88.29%). 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 -8154550.0 (%).Trend:Increase 5468.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -4361750.0 (%).Trend:Decrease 46.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -2562685.71 (%).Trend:Decrease 41.25% than previous quarter

Overall: increasing (-68.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 227400.0 (%).Trend:Increase 842.57% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 297825.0 (%).Trend:Increase 30.97% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 233328.57 (%).Trend:Decrease 21.66% than previous quarter

Overall: increasing (2.61%). Fluctuation: **Neutral** (moderate 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 -108.25 (%).Trend:Increase 204.84% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -259.45 (%).Trend:Increase 139.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -280.68 (%).Trend:Increase 8.18% than previous quarter

Overall: decreasing (159.29%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.06 (USD).Trend:Decrease 64.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.22 (USD).Trend:Increase 266.67% than previous quarter
Year 2023 Quarter 3: Earning Per Share -5.79 (USD).Trend:Increase 2531.82% than previous quarter

Overall: decreasing (9550.0%). Fluctuation: **Significant** (high variation).



Q1 2023 to Q3 2023 data shows significant fluctuations in working capital efficiency, with liabilities and current assets on revenue experiencing substantial decreases overall despite large quarter-to-quarter changes. Cost efficiency shows a mixed result: retained earnings to revenue improved while SG&A expense ratio remained relatively stable. Investment efficiency is poor, with decreasing retained earnings on assets and dramatically decreasing earnings per share. The data suggests operational instability and needs further analysis.