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 311.92 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 442.66 (%).Trend:Increase 41.91% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 520.68 (%).Trend:Increase 17.63% than previous quarter

Overall: increasing (66.93%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 272.64 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 401.7 (%).Trend:Increase 47.34% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 417.34 (%).Trend:Increase 3.89% than previous quarter

Overall: increasing (53.07%). Fluctuation: **Neutral** (moderate 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 -3367.73 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -3644.47 (%).Trend:Increase 8.22% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -4042.21 (%).Trend:Increase 10.91% than previous quarter

Overall: decreasing (20.03%). 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 -1196.51 (%).Trend:Increase 102.8% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -890.12 (%).Trend:Decrease 25.61% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -953.42 (%).Trend:Increase 7.11% than previous quarter

Overall: increasing (-20.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.18 (USD).Trend:Decrease 91.09% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.59 (USD).Trend:Increase 227.78% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.09 (USD).Trend:Increase 84.75% than previous quarter

Overall: decreasing (505.56%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2023 show increasing liabilities and current assets on revenue with moderate variation.  The ratio of retained earnings to revenue displays a consistent decreasing trend, though with high volatility.  Retained earnings on assets and earnings per share exhibit significant fluctuations, displaying a downward trend overall.  The analysis suggests considerable instability in financial performance that warrants further investigation.