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 2498600.0 (%).Trend:Decrease 99.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 2868000.0 (%).Trend:Increase 14.78% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 8724800.0 (%).Trend:Increase 204.21% than previous quarter

Overall: increasing (249.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 7238100.0 (%).Trend:Decrease 99.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 6943300.0 (%).Trend:Decrease 4.07% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 7268900.0 (%).Trend:Increase 4.69% than previous quarter

Overall: increasing (0.43%). Fluctuation: **Little** (low 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 1557900.0 (%).Trend:Decrease 99.95% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1655700.0 (%).Trend:Increase 6.28% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 1756700.0 (%).Trend:Increase 6.1% than previous quarter

Overall: increasing (12.76%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2321200.0 (%).Trend:Decrease 99.96% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4579600.0 (%).Trend:Increase 97.29% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6847500.0 (%).Trend:Increase 49.52% than previous quarter

Overall: increasing (195.0%). Fluctuation: **Significant** (high 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 9.06 (%).Trend:Decrease 59.64% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.08 (%).Trend:Increase 0.22% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 9.56 (%).Trend:Increase 5.29% than previous quarter

Overall: increasing (5.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 150.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: stable (-0.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 display increased liabilities on revenue, with significant volatility. Current assets relative to revenue are showing a modest increase despite considerable fluctuations. Cost efficiency, measured by the ratio of retained earnings to revenue and SG&A expense ratio, has improved, but displays continued high variation. Investment efficiency is also improving, while earnings per share remain stable in the negative.  The data suggests moderate operational improvement in some areas but persistent financial challenges.