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 103.23 (%).Trend:Increase 252.56% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.62 (%).Trend:Decrease 52.9% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.3 (%).Trend:Decrease 17.11% than previous quarter

Overall: decreasing (-60.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 131.98 (%).Trend:Increase 184.69% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 65.48 (%).Trend:Decrease 50.39% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 41.17 (%).Trend:Decrease 37.13% than previous quarter

Overall: decreasing (-68.81%). 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 33.59 (%).Trend:Increase 92.82% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 18.86 (%).Trend:Decrease 43.85% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 11.93 (%).Trend:Decrease 36.74% than previous quarter

Overall: decreasing (-64.48%). Fluctuation: **Significant** (high variation).

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

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 5.18 (%).Trend:Decrease 40.6% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 5.44 (%).Trend:Increase 5.02% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.77 (%).Trend:Decrease 12.32% than previous quarter

Overall: decreasing (-7.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.05 (USD).Trend:Increase 25.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.02 (USD).Trend:Decrease 60.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.12 (USD).Trend:Increase 500.0% than previous quarter

Overall: decreasing (140.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show a concerning trend.  Liabilities on revenue and current assets on revenue are both decreasing, -60.96% and -68.81%, respectively, with substantial quarter-to-quarter variation.  Cost efficiency, measured by the ratio of retained earnings to revenue, also declined (-64.48%).  Investment efficiency, measured by retained earnings on assets, decreased slightly (-7.92%), with low fluctuation. Earnings per share are declining sharply (-140%), with considerable quarter-to-quarter variability. These factors suggest significant financial pressures and operational challenges.