Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 156.89 (%).Trend:Decrease 30.14% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 305.91 (%).Trend:Increase 94.98% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 160.74 (%).Trend:Decrease 47.46% than previous quarter

Overall: increasing (2.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 227.34 (%).Trend:Decrease 23.06% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 397.15 (%).Trend:Increase 74.69% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 204.56 (%).Trend:Decrease 48.49% than previous quarter

Overall: decreasing (-10.02%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -2513.72 (%).Trend:Decrease 28.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -4377.5 (%).Trend:Increase 74.14% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -2242.12 (%).Trend:Decrease 48.78% than previous quarter

Overall: increasing (-10.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 49.75 (%).Trend:Increase 4.34% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 53.66 (%).Trend:Increase 7.86% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.55 (%).Trend:Decrease 22.57% than previous quarter

Overall: decreasing (-16.48%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets -957.49 (%).Trend:Decrease 5.14% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -898.27 (%).Trend:Decrease 6.18% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -841.6 (%).Trend:Decrease 6.31% than previous quarter

Overall: increasing (-12.1%). Fluctuation: **Significant** (high variation).

Earning Per Share


Between Q3 2022 and Q3 2023, key financial indicators exhibited substantial volatility.  Liabilities on Revenue saw a small net increase, but Current Assets on Revenue experienced a notable decline. The Ratio of Retained Earnings to Revenue demonstrates a small net increase despite significant quarter-to-quarter swings. The SG&A Expense Ratio showed a decrease, and Retained Earning on Assets also decreased.