Working Capital Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 141.87 (%).Trend:Decrease 42.52% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 177.96 (%).Trend:Increase 25.44% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 69.39 (%).Trend:Decrease 61.01% than previous quarter

Overall: decreasing (-51.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 813.27 (%).Trend:Decrease 46.06% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 679.84 (%).Trend:Decrease 16.41% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 411.16 (%).Trend:Decrease 39.52% than previous quarter

Overall: decreasing (-49.44%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -449.21 (%).Trend:Decrease 77.03% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1977.52 (%).Trend:Increase 340.22% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -889.54 (%).Trend:Decrease 55.02% than previous quarter

Overall: decreasing (98.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets -43.22 (%).Trend:Decrease 52.13% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -140.08 (%).Trend:Increase 224.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -116.26 (%).Trend:Decrease 17.0% than previous quarter

Overall: decreasing (169.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.51 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.37 (USD).Trend:Decrease 27.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.66 (USD).Trend:Increase 78.38% than previous quarter

Overall: decreasing (29.41%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2020 to Q2 2023 data reveals significant decreases in liabilities and current assets relative to revenue. The ratio of retained earnings to revenue also decreased substantially.  Retained earnings on assets experienced a significant decline.  Earnings per share exhibited an overall decrease, displaying significant fluctuation.