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 142.77 (%).Trend:Increase 490.45% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.59 (%).Trend:Decrease 61.06% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 35.01 (%).Trend:Decrease 37.02% than previous quarter

Overall: decreasing (-75.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 548.01 (%).Trend:Increase 606.56% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 228.0 (%).Trend:Decrease 58.39% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 147.58 (%).Trend:Decrease 35.27% than previous quarter

Overall: decreasing (-73.07%). 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 -296.78 (%).Trend:Increase 582.25% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -130.21 (%).Trend:Decrease 56.13% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -92.06 (%).Trend:Decrease 29.3% than previous quarter

Overall: increasing (-68.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.96 (%).Trend:Increase 185.0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.55 (%).Trend:Decrease 21.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.19 (%).Trend:Decrease 2.87% than previous quarter

Overall: decreasing (-23.62%). Fluctuation: **Neutral** (moderate 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 -26.49 (%).Trend:Decrease 7.7% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -27.68 (%).Trend:Increase 4.49% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -30.0 (%).Trend:Increase 8.38% than previous quarter

Overall: decreasing (13.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 102.34% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.06 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.15 (USD).Trend:Increase 150.0% than previous quarter

Overall: decreasing (400.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 exhibit significant fluctuations across financial metrics.  Working capital efficiency demonstrates decreases in liabilities and current assets on revenue.  Cost efficiency shows a decreasing ratio of retained earnings to revenue and a slightly less volatile SG&A expense ratio.  Investment efficiency shows a declining trend in retained earnings on assets.  Earnings per share consistently decrease.