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 242.15 (%).Trend:Increase 301.91% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 95.38 (%).Trend:Decrease 60.61% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 53.59 (%).Trend:Decrease 43.81% than previous quarter

Overall: decreasing (-77.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 240.58 (%).Trend:Increase 231.97% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 113.9 (%).Trend:Decrease 52.66% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 76.02 (%).Trend:Decrease 33.26% than previous quarter

Overall: decreasing (-68.4%). 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 -234.8 (%).Trend:Increase 426.93% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -76.92 (%).Trend:Decrease 67.24% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -41.46 (%).Trend:Decrease 46.1% than previous quarter

Overall: increasing (-82.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -15.52 (%).Trend:Increase 44.64% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -12.56 (%).Trend:Decrease 19.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -10.66 (%).Trend:Decrease 15.13% than previous quarter

Overall: increasing (-31.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 97.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.96 (USD).Trend:Decrease 3300.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.7 (USD).Trend:Increase 77.08% than previous quarter

Overall: increasing (-5766.67%). Fluctuation: **Significant** (high variation).



The financial review shows significant fluctuations in working capital efficiency metrics across Q1-Q3 2023. Liabilities on revenue increased dramatically in Q1, then decreased substantially in Q2 and Q3, resulting in a net decrease of -77.87%.  Current assets on revenue also exhibit a similar pattern, rising sharply in Q1 before declining in Q2 and Q3, for a total decrease of -68.4%. Cost efficiency, as measured by the ratio of retained earnings to revenue, increased overall, but this increase is highly variable; with large fluctuations throughout the quarter. Investment efficiency, as measured by retained earnings on assets, shows an overall increasing trend with a significant amount of variation. Earnings per share increased overall, but with extreme volatility, and a substantial decrease between Q1 and Q2, 2023.