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 210.9 (%).Trend:Increase 74.14% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 123.6 (%).Trend:Decrease 41.39% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 68.4 (%).Trend:Decrease 44.66% than previous quarter

Overall: decreasing (-67.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 795.83 (%).Trend:Increase 88.72% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 395.59 (%).Trend:Decrease 50.29% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 215.0 (%).Trend:Decrease 45.65% than previous quarter

Overall: decreasing (-72.98%). 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 -2112.01 (%).Trend:Increase 111.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1100.16 (%).Trend:Decrease 47.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -494.88 (%).Trend:Decrease 55.02% than previous quarter

Overall: increasing (-76.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 57.52 (%).Trend:Decrease 34.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 62.43 (%).Trend:Increase 8.54% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.03 (%).Trend:Decrease 31.07% than previous quarter

Overall: decreasing (-25.19%). 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 -198.81 (%).Trend:Increase 10.48% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -206.31 (%).Trend:Increase 3.77% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -178.99 (%).Trend:Decrease 13.24% than previous quarter

Overall: increasing (-9.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 85.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.43 (USD).Trend:Decrease 19.0% than previous quarter

Overall: decreasing (143.0%). Fluctuation: **Significant** (high variation).



The analysis covers three quarters of 2023, revealing significant fluctuations in working capital and investment efficiency.  Liabilities and current assets on revenue both decreased substantially.  Retained earnings relative to revenue showed a large increase, although still negative.  SG&A expenses decreased moderately, while retained earnings on assets and earnings per share displayed considerable volatility.