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 150.98 (%).Trend:Increase 125.21% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 70.0 (%).Trend:Decrease 53.64% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 39.65 (%).Trend:Decrease 43.36% than previous quarter

Overall: decreasing (-73.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 649.4 (%).Trend:Increase 401.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 243.25 (%).Trend:Decrease 62.54% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 129.69 (%).Trend:Decrease 46.68% than previous quarter

Overall: decreasing (-80.03%). 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 -1414.0 (%).Trend:Increase 176.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -704.06 (%).Trend:Decrease 50.21% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -435.66 (%).Trend:Decrease 38.12% than previous quarter

Overall: increasing (-69.19%). 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 -103.84 (%).Trend:Decrease 35.26% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -106.96 (%).Trend:Increase 3.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -111.23 (%).Trend:Increase 3.99% than previous quarter

Overall: decreasing (7.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.24 (USD).Trend:Decrease 88.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.47 (USD).Trend:Increase 95.83% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.65 (USD).Trend:Increase 38.3% than previous quarter

Overall: decreasing (170.83%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 reveals significant volatility.  Working capital efficiency is deteriorating, with liabilities and current assets on revenue both decreasing but exhibiting substantial quarter-to-quarter fluctuations.  Cost efficiency, as represented by the ratio of retained earnings to revenue, is showing an increasing trend, though still negative, with notable swings.  Investment efficiency, as shown by retained earnings on assets, is declining, with substantial fluctuations.  Earnings per share are consistently negative and declining, with substantial quarter-to-quarter variation.  These results highlight the need for further investigation into the factors driving this instability.