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 201.86 (%).Trend:Increase 229.24% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 90.85 (%).Trend:Decrease 54.99% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 59.14 (%).Trend:Decrease 34.9% than previous quarter

Overall: decreasing (-70.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 245.61 (%).Trend:Increase 180.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 119.26 (%).Trend:Decrease 51.44% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 81.8 (%).Trend:Decrease 31.41% than previous quarter

Overall: decreasing (-66.7%). 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 -24.88 (%).Trend:Increase 219.38% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -12.85 (%).Trend:Decrease 48.35% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -7.89 (%).Trend:Decrease 38.6% than previous quarter

Overall: increasing (-68.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 47.21 (%).Trend:Increase 12.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.32 (%).Trend:Increase 0.23% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.4 (%).Trend:Decrease 4.06% than previous quarter

Overall: decreasing (-3.83%). 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 -2.46 (%).Trend:Increase 13.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.61 (%).Trend:Increase 6.1% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -2.42 (%).Trend:Decrease 7.28% than previous quarter

Overall: increasing (-1.63%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 200.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.19 (USD).Trend:Increase 137.5% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.21 (USD).Trend:Increase 10.53% than previous quarter

Overall: decreasing (162.5%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2023 financial data reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue both decreased substantially (-70.7% and -66.7% respectively), showing high variability.  Cost efficiency shows a mixed picture:  Ratio of retained earnings to revenue improved significantly (-68.29%), while SG&A expense ratio decreased slightly (-3.83%), indicating relatively stable cost management. Investment efficiency metrics, retained earnings on assets, show slight improvement (-1.63%) with significant fluctuation, while earnings per share decreased significantly (-162.5%), indicating substantial concern.