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 25.5 (%).Trend:Decrease 32.65% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.85 (%).Trend:Increase 83.73% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.9 (%).Trend:Decrease 29.78% than previous quarter

Overall: increasing (29.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 60.11 (%).Trend:Decrease 35.33% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 88.44 (%).Trend:Increase 47.13% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 56.5 (%).Trend:Decrease 36.11% than previous quarter

Overall: decreasing (-6.01%). Fluctuation: **Neutral** (moderate 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 -121.58 (%).Trend:Decrease 26.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -423.59 (%).Trend:Increase 248.4% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -303.84 (%).Trend:Decrease 28.27% than previous quarter

Overall: decreasing (149.91%). Fluctuation: **Significant** (high variation).

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

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 -55.26 (%).Trend:Increase 13.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -307.21 (%).Trend:Increase 455.94% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -338.26 (%).Trend:Increase 10.11% than previous quarter

Overall: decreasing (512.12%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2022 to Q3 2023 reveals variability. Liabilities on revenue increased by 29.02% but with significant fluctuations. Current assets on revenue decreased by 6.01% despite fluctuations. Cost Efficiency shows a notable decline in the ratio of retained earnings to revenue (149.91%). Invest Efficiency indicates a large decrease in retained earning on assets (512.12%) and highly varied trends.  These findings suggest a need for a deeper investigation into the company's performance.