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 72.69 (%).Trend:Increase 203.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.64 (%).Trend:Decrease 52.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.05 (%).Trend:Decrease 27.68% than previous quarter

Overall: decreasing (-65.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 117.75 (%).Trend:Increase 164.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.09 (%).Trend:Decrease 52.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 39.37 (%).Trend:Decrease 29.81% than previous quarter

Overall: decreasing (-66.56%). 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 -24.19 (%).Trend:Increase 317.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -15.38 (%).Trend:Decrease 36.42% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -9.59 (%).Trend:Decrease 37.65% than previous quarter

Overall: increasing (-60.36%). 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 -8.56 (%).Trend:Increase 46.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -10.9 (%).Trend:Increase 27.34% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -10.47 (%).Trend:Decrease 3.94% than previous quarter

Overall: decreasing (22.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Increase 700.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.23 (USD).Trend:Increase 187.5% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.24 (USD).Trend:Increase 4.35% than previous quarter

Overall: decreasing (200.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show highly volatile financial performance.  Liabilities and current assets on revenue both decreased from Q1 to Q3, yet exhibited large fluctuations in each quarter.  The ratio of retained earnings to revenue demonstrates an increase, but the trend is marred by substantial changes in each quarter. Investment efficiency and earnings per share show a consistent downward trend with significant variation between quarters. This volatile performance requires further investigation.