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 110.77 (%).Trend:Increase 153.65% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.21 (%).Trend:Decrease 50.16% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 37.11 (%).Trend:Decrease 32.78% than previous quarter

Overall: decreasing (-66.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 159.46 (%).Trend:Increase 201.32% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.89 (%).Trend:Decrease 53.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 64.51 (%).Trend:Decrease 13.86% than previous quarter

Overall: decreasing (-59.54%). 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 -297.61 (%).Trend:Increase 248.49% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -150.03 (%).Trend:Decrease 49.59% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -101.27 (%).Trend:Decrease 32.5% than previous quarter

Overall: increasing (-65.97%). 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 -77.61 (%).Trend:Increase 43.8% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -82.12 (%).Trend:Increase 5.81% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -75.69 (%).Trend:Decrease 7.83% than previous quarter

Overall: increasing (-2.47%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.57 (USD).Trend:Decrease 90.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.79 (USD).Trend:Increase 38.6% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.24 (USD).Trend:Increase 56.96% than previous quarter

Overall: decreasing (117.54%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal significant instability across various metrics.  Working capital efficiency indicators, such as liabilities and current assets as a percentage of revenue, show a concerning decrease.  Cost efficiency (retained earnings to revenue) shows a trend of increase, but with substantial volatility.  Investment efficiency (retained earnings on assets) shows similar volatility. Earnings per share are declining significantly. These findings necessitate a deeper investigation to understand the underlying causes and their implications for the company's future financial performance.