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 161.22 (%).Trend:Increase 104.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.54 (%).Trend:Decrease 70.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.89 (%).Trend:Decrease 35.02% than previous quarter

Overall: decreasing (-80.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 272.85 (%).Trend:Increase 107.93% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 130.51 (%).Trend:Decrease 52.17% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 84.4 (%).Trend:Decrease 35.33% than previous quarter

Overall: decreasing (-69.07%). 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 2.47 (%).Trend:Decrease 47.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -6.3 (%).Trend:Decrease 355.06% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -12.27 (%).Trend:Increase 94.76% than previous quarter

Overall: decreasing (-596.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.81 (%).Trend:Increase 6.28% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.57 (%).Trend:Decrease 1.15% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.32 (%).Trend:Increase 3.65% than previous quarter

Overall: increasing (2.45%). 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 0.41 (%).Trend:Decrease 76.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.18 (%).Trend:Decrease 631.71% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -6.5 (%).Trend:Increase 198.17% than previous quarter

Overall: decreasing (-1685.37%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.44 (USD).Trend:Decrease 38.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.87 (USD).Trend:Increase 97.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.79 (USD).Trend:Increase 105.75% than previous quarter

Overall: decreasing (306.82%). Fluctuation: **Significant** (high variation).



Working capital efficiency displays significant quarterly variation. Liabilities on revenue decreased substantially from Q1 to Q3 2023, while current assets on revenue also trended downwards. Cost efficiency is characterized by substantial fluctuations in the retained earnings to revenue ratio, falling sharply over the three quarters. The Selling, General, and Administrative (SG&A) expense ratio showed minimal variation and increased slightly.  Invest efficiency has a huge decrease in retained earnings on assets with massive swings. Earning per share shows a negative trend across the quarters. The financial performance exhibits significant volatility, calling for further investigation into the underlying causes.