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 72.69 (%).Trend:Increase 203.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.64 (%).Trend:Decrease 52.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.05 (%).Trend:Decrease 27.68% than previous quarter

Overall: decreasing (-65.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 117.75 (%).Trend:Increase 164.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.09 (%).Trend:Decrease 52.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 39.37 (%).Trend:Decrease 29.81% than previous quarter

Overall: decreasing (-66.56%). 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 -24.19 (%).Trend:Increase 317.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -15.38 (%).Trend:Decrease 36.42% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -9.59 (%).Trend:Decrease 37.65% than previous quarter

Overall: increasing (-60.36%). 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 -8.56 (%).Trend:Increase 46.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -10.9 (%).Trend:Increase 27.34% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -10.47 (%).Trend:Decrease 3.94% than previous quarter

Overall: decreasing (22.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Increase 700.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.23 (USD).Trend:Increase 187.5% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.24 (USD).Trend:Increase 4.35% than previous quarter

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



Financial statements from Q1 2023 to Q3 2023 reveal a concerning pattern of substantial volatility. Liabilities on revenue have decreased significantly, from a high of 72.69% in Q1 to 25.05% in Q3. Current assets on revenue also experienced a notable decrease, declining from a high of 117.75% in Q1 to 39.37% in Q3.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a mixed trend, increasing overall but with significant fluctuations quarter-over-quarter. Invest efficiency demonstrates a consistent decrease, while earnings per share remain negative, but with significant quarter-over-quarter changes.  The high degree of fluctuation across key financial metrics warrants further investigation.