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 327.25 (%).Trend:Increase 108.39% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 150.85 (%).Trend:Decrease 53.9% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 87.44 (%).Trend:Decrease 42.04% than previous quarter

Overall: decreasing (-73.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 83.66 (%).Trend:Increase 83.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 30.72 (%).Trend:Decrease 63.28% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 16.85 (%).Trend:Decrease 45.15% than previous quarter

Overall: decreasing (-79.86%). 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 -60.84 (%).Trend:Increase 214.26% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -20.23 (%).Trend:Decrease 66.75% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -2.72 (%).Trend:Decrease 86.55% than previous quarter

Overall: increasing (-95.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.97 (%).Trend:Decrease 12.54% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.98 (%).Trend:Decrease 12.46% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.19 (%).Trend:Decrease 12.8% than previous quarter

Overall: decreasing (-23.67%). 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 -5.34 (%).Trend:Increase 47.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -3.94 (%).Trend:Decrease 26.22% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -0.88 (%).Trend:Decrease 77.66% than previous quarter

Overall: increasing (-83.52%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.19 (USD).Trend:Decrease 97.07% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.61 (USD).Trend:Decrease 947.37% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.55 (USD).Trend:Increase 244.72% than previous quarter

Overall: increasing (-3021.05%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2023 reveal ongoing financial challenges.  Working capital efficiency is problematic, with significant decreases in both liabilities and current assets on revenue.  Cost efficiency shows a decrease in SG&A, but an increasing trend in the ratio of retained earnings to revenue.  Investment efficiency shows a fluctuating and slightly increasing trend in retained earnings on assets.  The most significant finding is the volatile nature of earning per share, showing a massive increase despite considerable quarter-to-quarter variation.