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 74.44 (%).Trend:Increase 191.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.55 (%).Trend:Decrease 48.21% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.44 (%).Trend:Decrease 26.23% than previous quarter

Overall: decreasing (-61.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 339.81 (%).Trend:Increase 85.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 120.59 (%).Trend:Decrease 64.51% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 65.81 (%).Trend:Decrease 45.43% than previous quarter

Overall: decreasing (-80.63%). 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 -36.44 (%).Trend:Increase 182.7% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -11.81 (%).Trend:Decrease 67.59% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -11.74 (%).Trend:Decrease 0.59% than previous quarter

Overall: increasing (-67.78%). 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 -2.89 (%).Trend:Decrease 4.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.22 (%).Trend:Decrease 23.18% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -3.44 (%).Trend:Increase 54.95% than previous quarter

Overall: decreasing (19.03%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 99.03% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.22 (USD).Trend:Increase 1000.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.07 (USD).Trend:Decrease 68.18% than previous quarter

Overall: increasing (250.0%). Fluctuation: **Significant** (high variation).



Financial performance analysis from Q1 to Q3 2023 shows high volatility in key financial metrics. Liabilities on revenue decreased overall, with significant variations between quarters.  Current assets also showed a consistent decrease. Cost efficiency (retained earnings/revenue ratio) displayed a slight overall increase.  Investment efficiency showed an overall decrease, while earnings per share had a noticeable increase, though with substantial fluctuations. The pattern suggests a financial situation with considerable instability.