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 74.62 (%).Trend:Increase 240.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.86 (%).Trend:Decrease 53.28% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.01 (%).Trend:Decrease 2.44% than previous quarter

Overall: decreasing (-54.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 61.26 (%).Trend:Increase 173.48% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 31.63 (%).Trend:Decrease 48.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 24.37 (%).Trend:Decrease 22.95% than previous quarter

Overall: decreasing (-60.22%). 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 15.9 (%).Trend:Increase 1104.55% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 11.98 (%).Trend:Decrease 24.65% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 0.91 (%).Trend:Decrease 92.4% than previous quarter

Overall: decreasing (-94.28%). 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 2.23 (%).Trend:Increase 218.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.35 (%).Trend:Increase 50.22% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 0.36 (%).Trend:Decrease 89.25% than previous quarter

Overall: decreasing (-83.86%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 103.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.26 (USD).Trend:Decrease 425.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.33 (USD).Trend:Decrease 226.92% than previous quarter

Overall: decreasing (312.5%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2023 reveals a worrisome trend of declining financial indicators.  Liabilities and current assets on revenue decreased significantly, showing a potential decline in liquidity and working capital efficiency.  The ratio of retained earnings to revenue experienced a dramatic decrease, suggesting a loss of profitability.  Invest efficiency, as measured by retained earnings on assets, declined substantially.  Earnings per share also decreased across all quarters, highlighting a concerning downward trend in profitability.