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).



Analysis of Q1 2023 to Q3 2023 reveals significant volatility across key financial metrics.  Working capital efficiency metrics (liabilities and current assets on revenue) exhibit overall decreases but with high variability.  Cost efficiency is mixed; while retained earnings improved, SG&A expenses showed moderate fluctuation. Investment efficiency is weak, marked by decreasing retained earnings on assets and a sharp decline in earnings per share.  The data highlights substantial instability demanding immediate scrutiny.