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 123.59 (%).Trend:Increase 215.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.23 (%).Trend:Decrease 49.65% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.57 (%).Trend:Decrease 34.81% than previous quarter

Overall: decreasing (-67.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 324.29 (%).Trend:Increase 275.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 148.33 (%).Trend:Decrease 54.26% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 94.5 (%).Trend:Decrease 36.29% than previous quarter

Overall: decreasing (-70.86%). 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 30.16 (%).Trend:Increase 48.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1.51 (%).Trend:Decrease 105.01% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -4.38 (%).Trend:Increase 190.07% than previous quarter

Overall: decreasing (-114.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.7 (%).Trend:Increase 8.34% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 46.16 (%).Trend:Decrease 5.22% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.35 (%).Trend:Decrease 1.75% than previous quarter

Overall: decreasing (-6.88%). 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 4.85 (%).Trend:Decrease 55.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.52 (%).Trend:Decrease 110.72% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -2.35 (%).Trend:Increase 351.92% than previous quarter

Overall: decreasing (-148.45%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.12 (USD).Trend:Decrease 16.42% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.62 (USD).Trend:Increase 133.93% than previous quarter
Year 2023 Quarter 3: Earning Per Share -3.08 (USD).Trend:Increase 17.56% than previous quarter

Overall: decreasing (175.0%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2023 to Q3 2023 reveals significant negative trends. Liabilities on Revenue and Current Assets on Revenue decreased substantially, reflecting high variability.  The Ratio of Retained Earnings to Revenue sharply decreased.  SG&A expenses saw a small decrease. Retained Earnings on Assets and Earnings Per Share also decreased significantly.