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 257.6 (%).Trend:Increase 166.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 128.72 (%).Trend:Decrease 50.03% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 87.96 (%).Trend:Decrease 31.67% than previous quarter

Overall: decreasing (-65.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 653.52 (%).Trend:Increase 111.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 318.63 (%).Trend:Decrease 51.24% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 208.88 (%).Trend:Decrease 34.44% than previous quarter

Overall: decreasing (-68.04%). 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 -447.04 (%).Trend:Increase 183.49% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -239.23 (%).Trend:Decrease 46.49% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -167.77 (%).Trend:Decrease 29.87% than previous quarter

Overall: increasing (-62.47%). 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 -48.64 (%).Trend:Increase 18.9% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -53.54 (%).Trend:Increase 10.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -57.74 (%).Trend:Increase 7.84% than previous quarter

Overall: decreasing (18.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.38 (USD).Trend:Decrease 59.57% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.81 (USD).Trend:Increase 113.16% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.18 (USD).Trend:Increase 45.68% than previous quarter

Overall: decreasing (210.53%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2023 to Q3 2023 reveals significant fluctuations in key financial metrics. Liabilities on revenue decreased by 65.85%, current assets on revenue decreased by 68.04%, and retained earnings on assets decreased by 18.71%, all exhibiting high variability.  While the ratio of retained earnings to revenue showed an overall increase (-62.47%), this was accompanied by notable fluctuations.  Earnings per share showed a substantial decrease of 210.53%,  also highly volatile.