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 83.09 (%).Trend:Increase 313.59% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 44.32 (%).Trend:Decrease 46.66% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.22 (%).Trend:Decrease 49.86% than previous quarter

Overall: decreasing (-73.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 270.99 (%).Trend:Increase 281.95% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.02 (%).Trend:Decrease 57.19% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 70.17 (%).Trend:Decrease 39.52% than previous quarter

Overall: decreasing (-74.11%). 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 332.51 (%).Trend:Increase 294.81% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 130.06 (%).Trend:Decrease 60.89% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 85.81 (%).Trend:Decrease 34.02% than previous quarter

Overall: decreasing (-74.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 61.87 (%).Trend:Increase 24.61% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 58.98 (%).Trend:Decrease 4.67% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.27 (%).Trend:Decrease 6.29% than previous quarter

Overall: decreasing (-10.67%). Fluctuation: **Little** (low variation).


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 65.0 (%).Trend:Increase 2.82% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 61.59 (%).Trend:Decrease 5.25% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 65.63 (%).Trend:Increase 6.56% than previous quarter

Overall: increasing (0.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.21 (USD).Trend:Decrease 156.76% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.15 (USD).Trend:Increase 447.62% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.0 (USD).Trend:Decrease 13.04% than previous quarter

Overall: decreasing (376.19%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2023 shows significant declines in working capital efficiency. Liabilities on revenue decreased by 73.26%, and current assets on revenue decreased by 74.11% over the three quarters. Cost efficiency also displays a significant decrease (-74.19%) in the ratio of retained earnings to revenue, while the SG&A expense ratio showed a moderate decrease of 10.67%.  Investment efficiency shows a slight positive increase (0.97%) in retained earnings on assets, but earnings per share had a significant decrease of 376.19%.