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 129.24 (%).Trend:Increase 332.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.58 (%).Trend:Decrease 51.58% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.71 (%).Trend:Decrease 52.52% than previous quarter

Overall: decreasing (-77.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 285.88 (%).Trend:Increase 307.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 138.75 (%).Trend:Decrease 51.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 98.52 (%).Trend:Decrease 28.99% than previous quarter

Overall: decreasing (-65.54%). 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 152.97 (%).Trend:Increase 284.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 52.86 (%).Trend:Decrease 65.44% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 35.12 (%).Trend:Decrease 33.56% than previous quarter

Overall: decreasing (-77.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.03 (%).Trend:Increase 27.93% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.59 (%).Trend:Decrease 4.39% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.52 (%).Trend:Decrease 0.73% than previous quarter

Overall: decreasing (-5.08%). 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 17.03 (%).Trend:Decrease 6.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 13.11 (%).Trend:Decrease 23.02% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 12.58 (%).Trend:Decrease 4.04% than previous quarter

Overall: decreasing (-26.13%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 95.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.58 (USD).Trend:Decrease 1153.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.66 (USD).Trend:Increase 5.06% than previous quarter

Overall: decreasing (-1206.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 show a largely negative trend.  Working capital efficiency, measured by liabilities and current assets on revenue, is decreasing significantly. Cost efficiency, in terms of the ratio of retained earnings to revenue, is also decreasing substantially. SG&A expense ratios are decreasing. Investment efficiency, measured by retained earnings on assets, is decreasing. Earnings per share are declining significantly with substantial variation.  The performance trend is concerning, with high variation in key metrics.