Working Capital Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Current assets on Revenue

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 -70.96 (%).Trend:Decrease 333.73% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -80.78 (%).Trend:Increase 13.84% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -82.62 (%).Trend:Increase 2.28% than previous quarter

Overall: decreasing (16.43%). 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 -0.25 (%).Trend:Decrease 178.13% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.54 (%).Trend:Increase 116.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -0.78 (%).Trend:Increase 44.44% than previous quarter

Overall: decreasing (212.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.27 (USD).Trend:Decrease 70.97% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.54 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.81 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2023 to Q3 2023 shows a continuation of negative trends. The ratio of retained earnings to revenue demonstrates a consistent decline, suggesting ongoing issues with profitability and revenue recognition.  Retained earnings on assets continue to decrease, indicating worsening asset utilization and potential operational challenges.  Earnings per share, while showing some increase, indicate further investigation to uncover underlying causes for negative trends.  Further analysis and corrective actions are crucial.