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 63.97 (%).Trend:Decrease 13.95% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 222.72 (%).Trend:Increase 248.16% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 92.61 (%).Trend:Decrease 58.42% than previous quarter

Overall: increasing (44.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 94.39 (%).Trend:Decrease 29.34% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 302.2 (%).Trend:Increase 220.16% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 119.41 (%).Trend:Decrease 60.49% than previous quarter

Overall: increasing (26.51%). Fluctuation: **Significant** (high 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 -40.02 (%).Trend:Decrease 30.27% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -156.33 (%).Trend:Increase 290.63% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -117.67 (%).Trend:Decrease 24.73% than previous quarter

Overall: decreasing (194.03%). 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 -31.86 (%).Trend:Increase 2.97% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -39.33 (%).Trend:Increase 23.45% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -73.85 (%).Trend:Increase 87.77% than previous quarter

Overall: decreasing (131.8%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.83 (USD).Trend:Increase 151.52% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.55 (USD).Trend:Decrease 33.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.63 (USD).Trend:Increase 378.18% than previous quarter

Overall: decreasing (216.87%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q3 2023 data shows significant fluctuations. Liabilities on revenue increased (44.77%), and current assets on revenue increased (26.51%), both with high variability. The ratio of retained earnings to revenue decreased sharply (194.03%), retained earnings on assets decreased (131.8%), and earnings per share decreased (216.87%), all showing substantial fluctuation.