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 13960.68 (%).Trend:Decrease 18.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 5240.42 (%).Trend:Decrease 62.46% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 3925.1 (%).Trend:Decrease 25.1% than previous quarter

Overall: decreasing (-71.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 86052.43 (%).Trend:Decrease 51.22% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 20849.92 (%).Trend:Decrease 75.77% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 9834.46 (%).Trend:Decrease 52.83% than previous quarter

Overall: decreasing (-88.57%). 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 -225408.25 (%).Trend:Decrease 13.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -78107.99 (%).Trend:Decrease 65.35% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -56607.77 (%).Trend:Decrease 27.53% than previous quarter

Overall: increasing (-74.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11453.88 (%).Trend:Decrease 67.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7461.09 (%).Trend:Decrease 34.86% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7351.59 (%).Trend:Decrease 1.47% than previous quarter

Overall: decreasing (-35.82%). 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 -257.82 (%).Trend:Increase 76.93% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -369.64 (%).Trend:Increase 43.37% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -565.8 (%).Trend:Increase 53.07% than previous quarter

Overall: decreasing (119.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -5.0 (USD).Trend:Increase 66.67% than previous quarter

Overall: decreasing (400.0%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2023 shows substantial declines in liabilities and current assets relative to revenue.  A notable increase in the ratio of retained earnings to revenue was observed, contrasting with a moderate decrease in the SG&A expense ratio.  Both retained earnings on assets and earnings per share experienced significant drops, indicating high volatility.