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 61.19 (%).Trend:Increase 198.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.15 (%).Trend:Decrease 44.19% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 63.97 (%).Trend:Increase 87.32% than previous quarter

Overall: increasing (4.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 777.4 (%).Trend:Increase 213.97% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 372.41 (%).Trend:Decrease 52.1% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 245.55 (%).Trend:Decrease 34.06% than previous quarter

Overall: decreasing (-68.41%). 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 -348.4 (%).Trend:Increase 244.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -171.18 (%).Trend:Decrease 50.87% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -115.36 (%).Trend:Decrease 32.61% than previous quarter

Overall: increasing (-66.89%). 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 -24.71 (%).Trend:Increase 7.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -25.22 (%).Trend:Increase 2.06% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -25.5 (%).Trend:Increase 1.11% than previous quarter

Overall: decreasing (3.2%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1-Q3 2023 reveals fluctuating trends. Liabilities on revenue display a mixed pattern, with an increase overall, but with large quarterly variations. Current assets on revenue trended upward but then fell significantly, indicating an overall downward trend.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also exhibits considerable volatility. Investment efficiency shows a consistent downward trend in retained earnings on assets with minor quarterly shifts. Overall, the financial performance demonstrates pronounced instability across key indicators.