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 71.71 (%).Trend:Increase 121.6% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.58 (%).Trend:Decrease 48.99% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.64 (%).Trend:Decrease 35.37% than previous quarter

Overall: decreasing (-67.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 644.91 (%).Trend:Increase 112.6% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 291.89 (%).Trend:Decrease 54.74% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 181.97 (%).Trend:Decrease 37.66% than previous quarter

Overall: decreasing (-71.78%). 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 -452.22 (%).Trend:Increase 218.17% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -226.63 (%).Trend:Decrease 49.89% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -140.43 (%).Trend:Decrease 38.04% than previous quarter

Overall: increasing (-68.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 111.24 (%).Trend:Increase 4.99% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 99.21 (%).Trend:Decrease 10.81% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 88.54 (%).Trend:Decrease 10.75% than previous quarter

Overall: decreasing (-20.41%). 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 -44.53 (%).Trend:Increase 45.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -49.11 (%).Trend:Increase 10.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -49.49 (%).Trend:Increase 0.77% than previous quarter

Overall: decreasing (11.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (100.0%). Fluctuation: **Significant** (high variation).



Q1 2023 to Q3 2023 financial data reveals significant volatility.  Liabilities and current assets on revenue both exhibit decreasing trends, implying issues with cash flow management.  The retained earnings to revenue ratio is unstable, suggesting accumulating losses. SG&A expense ratio is decreasing slightly, while investment efficiency and earnings per share consistently decrease, with a sharp drop in earnings per share in Q3.  The results point toward persistent operational and financial challenges requiring comprehensive analysis.