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 113.61 (%).Trend:Increase 217.7% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 68.89 (%).Trend:Decrease 39.36% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 47.04 (%).Trend:Decrease 31.72% than previous quarter

Overall: decreasing (-58.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 208.46 (%).Trend:Increase 221.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 106.13 (%).Trend:Decrease 49.09% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 78.93 (%).Trend:Decrease 25.63% than previous quarter

Overall: decreasing (-62.14%). 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 148.31 (%).Trend:Increase 251.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 58.63 (%).Trend:Decrease 60.47% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 39.54 (%).Trend:Decrease 32.56% than previous quarter

Overall: decreasing (-73.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.07 (%).Trend:Decrease 17.74% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.41 (%).Trend:Increase 252.04% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.87 (%).Trend:Decrease 19.5% than previous quarter

Overall: increasing (183.4%). Fluctuation: **Significant** (high 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 29.88 (%).Trend:Increase 0.44% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 24.33 (%).Trend:Decrease 18.57% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 23.21 (%).Trend:Decrease 4.6% than previous quarter

Overall: decreasing (-22.32%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.97 (USD).Trend:Decrease 77.44% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.55 (USD).Trend:Decrease 259.79% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.42 (USD).Trend:Decrease 8.39% than previous quarter

Overall: decreasing (-246.39%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 shows significant volatility. Working capital metrics, liabilities, and current assets on revenue, are decreasing. Cost efficiency, as measured by retained earnings to revenue, is declining significantly, suggesting profitability issues. The SG&A expense ratio shows unpredictable fluctuations, while investment efficiency is also trending downward. Earnings per share show a dramatic, negative trajectory. The high volatility suggests underlying issues requiring further scrutiny.