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 112.19 (%).Trend:Increase 168.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.16 (%).Trend:Decrease 46.38% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 48.31 (%).Trend:Decrease 19.7% than previous quarter

Overall: decreasing (-56.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 350.25 (%).Trend:Increase 166.37% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 170.1 (%).Trend:Decrease 51.43% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 118.83 (%).Trend:Decrease 30.14% than previous quarter

Overall: decreasing (-66.07%). 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 -105.48 (%).Trend:Increase 579.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -55.99 (%).Trend:Decrease 46.92% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -48.77 (%).Trend:Decrease 12.9% than previous quarter

Overall: increasing (-53.76%). 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 -19.27 (%).Trend:Increase 141.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -21.39 (%).Trend:Increase 11.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -29.09 (%).Trend:Increase 36.0% than previous quarter

Overall: decreasing (50.96%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.38 (USD).Trend:Decrease 27.37% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.14 (USD).Trend:Increase 55.07% than previous quarter
Year 2023 Quarter 3: Earning Per Share -4.47 (USD).Trend:Increase 108.88% than previous quarter

Overall: decreasing (223.91%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 suggest a period of declining financial performance. Working capital efficiency is declining, liabilities and current assets on revenue are decreasing, and cost efficiency (retained earnings to revenue) is also declining.  Investment efficiency is also declining and earnings per share experienced a significant drop. All key metrics show high volatility and suggest potential financial instability.