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 121.59 (%).Trend:Increase 165.83% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 58.79 (%).Trend:Decrease 51.65% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 43.03 (%).Trend:Decrease 26.81% than previous quarter

Overall: decreasing (-64.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 151.49 (%).Trend:Increase 180.69% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 75.28 (%).Trend:Decrease 50.31% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.15 (%).Trend:Decrease 28.07% than previous quarter

Overall: decreasing (-64.26%). 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 -90.92 (%).Trend:Increase 191.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -43.73 (%).Trend:Decrease 51.9% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -28.69 (%).Trend:Decrease 34.39% than previous quarter

Overall: increasing (-68.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.5 (%).Trend:Increase 2.8% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.47 (%).Trend:Decrease 2.99% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.76 (%).Trend:Increase 0.87% than previous quarter

Overall: decreasing (-2.14%). Fluctuation: **Little** (low 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 -13.75 (%).Trend:Decrease 0.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -12.94 (%).Trend:Decrease 5.89% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -12.54 (%).Trend:Decrease 3.09% than previous quarter

Overall: increasing (-8.8%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 91.95% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Increase 157.14% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.27 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (285.71%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show substantial fluctuations. Liabilities and current assets on revenue decrease.  Cost efficiency (ratio of retained earnings to revenue) demonstrates a substantial but negative trend, despite periodic changes. SG&A expense ratios show minor variation and a small overall decline. Investment efficiency and earnings per share both show volatility with periods of marked increase and decrease.