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 129.62 (%).Trend:Increase 196.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 61.58 (%).Trend:Decrease 52.49% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 43.59 (%).Trend:Decrease 29.21% than previous quarter

Overall: decreasing (-66.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 219.25 (%).Trend:Increase 143.72% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 87.86 (%).Trend:Decrease 59.93% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 56.65 (%).Trend:Decrease 35.52% than previous quarter

Overall: decreasing (-74.16%). 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 -728.42 (%).Trend:Increase 254.29% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -394.11 (%).Trend:Decrease 45.9% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -270.47 (%).Trend:Decrease 31.37% than previous quarter

Overall: increasing (-62.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.13 (%).Trend:Increase 6.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.53 (%).Trend:Decrease 1.71% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.23 (%).Trend:Decrease 0.87% than previous quarter

Overall: decreasing (-2.56%). 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 -201.98 (%).Trend:Increase 40.42% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -234.34 (%).Trend:Increase 16.02% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -242.54 (%).Trend:Increase 3.5% than previous quarter

Overall: decreasing (20.08%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.83 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.23 (USD).Trend:Increase 48.19% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.45 (USD).Trend:Increase 17.89% than previous quarter

Overall: decreasing (74.7%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 shows substantial volatility.  Liabilities on revenue display a significant increase and then decrease. Current assets on revenue experience a similar fluctuating trend. Cost efficiency exhibits a major negative trend in the retained earnings-to-revenue ratio. SG&A expense ratio displays modest, though increasing, consistency. Investment efficiency displays a negative trend in retained earnings on assets. Earnings per share remain in a negative trend with considerable volatility.  Urgent investigation is warranted to determine the factors driving this volatility.