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 180.92 (%).Trend:Increase 275.35% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 103.92 (%).Trend:Decrease 42.56% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 67.3 (%).Trend:Decrease 35.24% than previous quarter

Overall: decreasing (-62.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 330.42 (%).Trend:Increase 192.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 191.01 (%).Trend:Decrease 42.19% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 134.18 (%).Trend:Decrease 29.75% than previous quarter

Overall: decreasing (-59.39%). 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 -74.4 (%).Trend:Increase 129.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -47.47 (%).Trend:Decrease 36.2% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -34.04 (%).Trend:Decrease 28.29% than previous quarter

Overall: increasing (-54.25%). 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 -10.07 (%).Trend:Decrease 15.24% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -11.61 (%).Trend:Increase 15.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -12.0 (%).Trend:Increase 3.36% than previous quarter

Overall: decreasing (19.17%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 97.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.3 (USD).Trend:Increase 1400.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.36 (USD).Trend:Increase 20.0% than previous quarter

Overall: decreasing (1700.0%). Fluctuation: **Significant** (high variation).



Financial strategy analysis suggests considerable volatility in 2023. Working capital efficiency, cost efficiency, and investment efficiency show significant declines, and earning per share has decreased significantly.  The highly variable quarterly performance needs a comprehensive strategy to address the underlying causes.