Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 49.54 (%).Trend:Decrease 51.35% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 146.62 (%).Trend:Increase 195.96% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 108.21 (%).Trend:Decrease 26.2% than previous quarter

Overall: increasing (118.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 123.28 (%).Trend:Decrease 32.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 127.15 (%).Trend:Increase 3.14% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 86.79 (%).Trend:Decrease 31.74% than previous quarter

Overall: decreasing (-29.6%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -292.43 (%).Trend:Decrease 28.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -666.46 (%).Trend:Increase 127.9% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -493.8 (%).Trend:Decrease 25.91% than previous quarter

Overall: decreasing (68.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 86.33 (%).Trend:Decrease 0.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 96.36 (%).Trend:Increase 11.62% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 97.56 (%).Trend:Increase 1.25% than previous quarter

Overall: increasing (13.01%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets -120.27 (%).Trend:Increase 5.85% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -199.01 (%).Trend:Increase 65.47% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -214.56 (%).Trend:Increase 7.81% than previous quarter

Overall: decreasing (78.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.19 (USD).Trend:Increase 26.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share -5.24 (USD).Trend:Increase 2657.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share -6.55 (USD).Trend:Increase 25.0% than previous quarter

Overall: decreasing (3347.37%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q3 2023, liabilities on revenue increased (118.43%), while current assets on revenue decreased (-29.6%), exhibiting significant and neutral fluctuations respectively. Cost efficiency metrics show a significant decrease in the ratio of retained earnings to revenue (-68.86%), while SG&A expenses slightly increased (13.01%), with significant and little variation respectively.  Investment efficiency shows a significant decrease in retained earnings on assets (-78.4%) and a drastic decrease in earnings per share (-3347.37%), both fluctuating significantly.