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 48681.12 (%).Trend:Increase 311.84% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 8307.25 (%).Trend:Decrease 82.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 4513.63 (%).Trend:Decrease 45.67% than previous quarter

Overall: decreasing (-90.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 234640.56 (%).Trend:Increase 211.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 45280.95 (%).Trend:Decrease 80.7% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 26966.2 (%).Trend:Decrease 40.45% than previous quarter

Overall: decreasing (-88.51%). 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 -454892.86 (%).Trend:Increase 345.64% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -84734.6 (%).Trend:Decrease 81.37% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -50667.7 (%).Trend:Decrease 40.2% than previous quarter

Overall: increasing (-88.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12848.21 (%).Trend:Increase 45.05% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4498.54 (%).Trend:Decrease 64.99% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3608.62 (%).Trend:Decrease 19.78% than previous quarter

Overall: decreasing (-71.91%). Fluctuation: **Significant** (high 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 -172.54 (%).Trend:Increase 47.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -167.21 (%).Trend:Decrease 3.09% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -159.48 (%).Trend:Decrease 4.62% than previous quarter

Overall: increasing (-7.57%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.57 (USD).Trend:Decrease 57.46% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.03 (USD).Trend:Increase 80.7% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.26 (USD).Trend:Increase 22.33% than previous quarter

Overall: decreasing (121.05%). Fluctuation: **Significant** (high variation).



Financial statement data for Q1 2023 to Q3 2023 reveal significant volatility in working capital efficiency, cost efficiency, and investment efficiency. Liabilities and current assets on revenue show dramatic decreases with large fluctuations between quarters.  The ratio of retained earnings to revenue also decreases but with significant swings. SG&A expense ratio displays a decreasing trend with high variability between quarters. Retained earnings on assets show a general increasing trend with fluctuations. Earnings per share decreased consistently but with considerable fluctuation between quarters.