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 18.53 (%).Trend:Decrease 41.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.86 (%).Trend:Increase 82.73% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.99 (%).Trend:Decrease 5.52% than previous quarter

Overall: increasing (72.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 37.24 (%).Trend:Decrease 34.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 55.86 (%).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 34.17 (%).Trend:Decrease 38.83% than previous quarter

Overall: decreasing (-8.24%). Fluctuation: **Significant** (high 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 -90.72 (%).Trend:Decrease 33.04% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -217.06 (%).Trend:Increase 139.26% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -168.24 (%).Trend:Decrease 22.49% than previous quarter

Overall: decreasing (85.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -99.13 (%).Trend:Increase 1.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -223.1 (%).Trend:Increase 125.06% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -338.67 (%).Trend:Increase 51.8% than previous quarter

Overall: decreasing (241.64%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.69 (USD).Trend:Decrease 5.48% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.34 (USD).Trend:Decrease 50.72% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.74 (USD).Trend:Increase 117.65% than previous quarter

Overall: decreasing (7.25%). Fluctuation: **Significant** (high variation).



Analysis from Q3 2022 to Q3 2023 displays high volatility across key metrics.  Liabilities on revenue increased by 72.64%, although the final quarter showed a decrease.  Current assets on revenue decreased by 8.24% overall, fluctuating significantly.  Retained earnings to revenue and retained earnings on assets both decreased substantially (-85.45% and -241.64% respectively). Earnings per share showed a slight decrease (-7.25%), but with high variability.  The data highlights considerable financial instability.