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 233.83 (%).Trend:Increase 312.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 110.2 (%).Trend:Decrease 52.87% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 73.71 (%).Trend:Decrease 33.11% than previous quarter

Overall: decreasing (-68.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 412.41 (%).Trend:Increase 310.32% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 175.79 (%).Trend:Decrease 57.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 112.85 (%).Trend:Decrease 35.8% than previous quarter

Overall: decreasing (-72.64%). 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 560.38 (%).Trend:Increase 286.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 272.59 (%).Trend:Decrease 51.36% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 172.64 (%).Trend:Decrease 36.67% than previous quarter

Overall: decreasing (-69.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.12 (%).Trend:Increase 2.87% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.85 (%).Trend:Decrease 2.43% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.35 (%).Trend:Decrease 4.61% than previous quarter

Overall: decreasing (-6.92%). 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 35.43 (%).Trend:Decrease 12.78% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 36.22 (%).Trend:Increase 2.23% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 35.49 (%).Trend:Decrease 2.02% than previous quarter

Overall: increasing (0.17%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.66 (USD).Trend:Decrease 131.28% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.31 (USD).Trend:Decrease 53.03% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.23 (USD).Trend:Decrease 25.81% than previous quarter

Overall: increasing (-65.15%). Fluctuation: **Significant** (high variation).



Financial performance during Q1-Q3 2023 demonstrates a worrying pattern across several key metrics. Working capital efficiency is declining, with liabilities and current assets on revenue exhibiting significant variation. Cost efficiency is declining substantially, especially the ratio of retained earnings to revenue.  SG&A expenses are decreasing steadily with minor fluctuations.  Investment efficiency is a small positive, but shows little change. Earnings per share are consistently negative and highly variable, indicating a serious concern.