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 63.57 (%).Trend:Increase 242.51% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 29.6 (%).Trend:Decrease 53.44% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 14.25 (%).Trend:Decrease 51.86% than previous quarter

Overall: decreasing (-77.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 355.26 (%).Trend:Increase 147.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 165.01 (%).Trend:Decrease 53.55% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 115.23 (%).Trend:Decrease 30.17% than previous quarter

Overall: decreasing (-67.56%). 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 -455.36 (%).Trend:Increase 113.4% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -232.26 (%).Trend:Decrease 48.99% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -175.18 (%).Trend:Decrease 24.58% than previous quarter

Overall: increasing (-61.53%). 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 -104.96 (%).Trend:Decrease 11.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -104.08 (%).Trend:Decrease 0.84% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -114.13 (%).Trend:Increase 9.66% than previous quarter

Overall: decreasing (8.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 82.11% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.47 (USD).Trend:Increase 176.47% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.06 (USD).Trend:Increase 125.53% than previous quarter

Overall: decreasing (523.53%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 shows substantial volatility.  Liabilities on revenue declined sharply (-77.58%), mirroring a decrease in current assets on revenue (-67.56%).  Conversely, the ratio of retained earnings to revenue improved (-61.53%), although retained earnings on assets fell (8.74%). Earnings per share plummeted (523.53%).  High variability is a key characteristic.