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 142.77 (%).Trend:Increase 490.45% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.59 (%).Trend:Decrease 61.06% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 35.01 (%).Trend:Decrease 37.02% than previous quarter

Overall: decreasing (-75.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 548.01 (%).Trend:Increase 606.56% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 228.0 (%).Trend:Decrease 58.39% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 147.58 (%).Trend:Decrease 35.27% than previous quarter

Overall: decreasing (-73.07%). 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 -296.78 (%).Trend:Increase 582.25% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -130.21 (%).Trend:Decrease 56.13% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -92.06 (%).Trend:Decrease 29.3% than previous quarter

Overall: increasing (-68.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.96 (%).Trend:Increase 185.0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.55 (%).Trend:Decrease 21.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.19 (%).Trend:Decrease 2.87% than previous quarter

Overall: decreasing (-23.62%). 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 -26.49 (%).Trend:Decrease 7.7% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -27.68 (%).Trend:Increase 4.49% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -30.0 (%).Trend:Increase 8.38% than previous quarter

Overall: decreasing (13.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 102.34% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.06 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.15 (USD).Trend:Increase 150.0% than previous quarter

Overall: decreasing (400.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show a marked decrease in overall liabilities and current assets on revenue with substantial fluctuation.  Cost efficiency shows a decreasing ratio of retained earnings to revenue and an overall decreasing SG&A expense ratio, although with slight variation. Investment efficiency shows a decreasing trend in retained earnings on assets.  Earnings per share show a consistent decrease in each quarter.