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 46.47 (%).Trend:Increase 271.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.59 (%).Trend:Decrease 47.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 13.86 (%).Trend:Decrease 43.64% than previous quarter

Overall: decreasing (-70.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 58.76 (%).Trend:Increase 274.98% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 30.74 (%).Trend:Decrease 47.69% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.58 (%).Trend:Decrease 33.05% than previous quarter

Overall: decreasing (-64.98%). 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 18.99 (%).Trend:Increase 230.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7.89 (%).Trend:Decrease 58.45% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 5.75 (%).Trend:Decrease 27.12% than previous quarter

Overall: decreasing (-69.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.23 (%).Trend:Increase 40.94% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.31 (%).Trend:Increase 1.11% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.15 (%).Trend:Decrease 2.19% than previous quarter

Overall: decreasing (-1.11%). 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 10.83 (%).Trend:Decrease 14.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.13 (%).Trend:Decrease 15.7% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 10.13 (%).Trend:Increase 10.95% than previous quarter

Overall: decreasing (-6.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.17 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.4 (USD).Trend:Increase 135.29% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.02 (USD).Trend:Decrease 95.0% than previous quarter

Overall: increasing (-88.24%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 reveal a pattern of decreasing working capital efficiency, fluctuating cost efficiency, and stable investment efficiency, but with significant volatility in all areas.  Liabilities and current assets on revenue are trending downward, while cost efficiency (retained earnings to revenue) shows a decline.  SG&A expenses trend downward, and investment efficiency stays consistent, while earnings per share remains negative and varies dramatically.