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 76.81 (%).Trend:Increase 76.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.31 (%).Trend:Decrease 27.99% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 62.91 (%).Trend:Increase 13.74% than previous quarter

Overall: decreasing (-18.1%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 187.31 (%).Trend:Increase 24.79% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 81.24 (%).Trend:Decrease 56.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 64.27 (%).Trend:Decrease 20.89% than previous quarter

Overall: decreasing (-65.69%). 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 -1166.17 (%).Trend:Increase 136.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -609.52 (%).Trend:Decrease 47.73% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -552.81 (%).Trend:Decrease 9.3% than previous quarter

Overall: increasing (-52.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 64.8 (%).Trend:Decrease 11.33% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 63.39 (%).Trend:Decrease 2.18% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 63.25 (%).Trend:Decrease 0.22% than previous quarter

Overall: decreasing (-2.39%). 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 -206.31 (%).Trend:Increase 38.67% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -221.36 (%).Trend:Increase 7.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -544.23 (%).Trend:Increase 145.86% than previous quarter

Overall: decreasing (163.79%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 55.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.67 (USD).Trend:Increase 3237.5% than previous quarter
Year 2023 Quarter 3: Earning Per Share -6.85 (USD).Trend:Increase 156.55% than previous quarter

Overall: decreasing (8462.5%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 show a mixed picture. Liabilities on revenue decreased overall but with significant fluctuations. Current assets on revenue also decreased significantly. Cost efficiency, while showing a declining SG&A expense ratio, reveals significant fluctuations in the ratio of retained earnings to revenue. Invest efficiency shows a notable decrease in retained earning on assets with substantial variation. Earning per share demonstrates a significant decline and substantial fluctuation over the three quarters.