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 68.91 (%).Trend:Increase 144.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.49 (%).Trend:Decrease 49.95% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.92 (%).Trend:Decrease 27.75% than previous quarter

Overall: decreasing (-63.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 152.31 (%).Trend:Increase 51.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 77.66 (%).Trend:Decrease 49.01% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 53.79 (%).Trend:Decrease 30.74% than previous quarter

Overall: decreasing (-64.68%). 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 -32.6 (%).Trend:Increase 65.48% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -17.21 (%).Trend:Decrease 47.21% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -12.38 (%).Trend:Decrease 28.07% than previous quarter

Overall: increasing (-62.02%). 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 -5.22 (%).Trend:Decrease 35.79% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -5.32 (%).Trend:Increase 1.92% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -5.04 (%).Trend:Decrease 5.26% than previous quarter

Overall: increasing (-3.45%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 125.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.01 (USD).Trend:Decrease 107.14% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.21 (USD).Trend:Increase 2000.0% than previous quarter

Overall: decreasing (-250.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2023 to Q3 2023 reveals substantial volatility.  Liabilities and current assets on revenue decreased significantly.  The ratio of retained earnings to revenue increased. Retained earnings on assets showed a slight increase. Earnings per share experienced a dramatic overall decrease.