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 178.23 (%).Trend:Increase 102.07% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 83.08 (%).Trend:Decrease 53.39% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 58.45 (%).Trend:Decrease 29.65% than previous quarter

Overall: decreasing (-67.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 1415.91 (%).Trend:Increase 123.02% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 599.98 (%).Trend:Decrease 57.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 509.92 (%).Trend:Decrease 15.01% than previous quarter

Overall: decreasing (-63.99%). 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 -3848.07 (%).Trend:Increase 157.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1936.97 (%).Trend:Decrease 49.66% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -1471.46 (%).Trend:Decrease 24.03% than previous quarter

Overall: increasing (-61.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 40.48 (%).Trend:Decrease 42.58% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.88 (%).Trend:Decrease 1.48% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 47.2 (%).Trend:Increase 18.36% than previous quarter

Overall: increasing (16.6%). Fluctuation: **Little** (low 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 -159.86 (%).Trend:Increase 10.56% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -170.14 (%).Trend:Increase 6.43% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -157.12 (%).Trend:Decrease 7.65% than previous quarter

Overall: increasing (-1.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 81.48% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.13 (USD).Trend:Increase 160.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.19 (USD).Trend:Increase 46.15% than previous quarter

Overall: decreasing (280.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 reveal significant volatility across key metrics. Working capital efficiency declined significantly for both liabilities and current assets on revenue.  Cost efficiency reveals a substantial increase in the SG&A expense ratio, contrasting with a steep decline in the retained earnings to revenue ratio. Investment efficiency showed an overall increase in retained earnings on assets, while earnings per share decreased substantially, pointing to a challenging quarter.