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 1446.57 (%).Trend:Increase 45.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 761.59 (%).Trend:Decrease 47.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 437.45 (%).Trend:Decrease 42.56% than previous quarter

Overall: decreasing (-69.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 2736.55 (%).Trend:Increase 95.52% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 1377.38 (%).Trend:Decrease 49.67% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 840.05 (%).Trend:Decrease 39.01% than previous quarter

Overall: decreasing (-69.3%). 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 -272.47 (%).Trend:Increase 161.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -147.27 (%).Trend:Decrease 45.95% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -102.26 (%).Trend:Decrease 30.56% 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 -6.77 (%).Trend:Increase 35.13% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -7.41 (%).Trend:Increase 9.45% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -8.31 (%).Trend:Increase 12.15% than previous quarter

Overall: decreasing (22.75%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.78 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.68 (USD).Trend:Increase 115.38% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.96 (USD).Trend:Increase 16.67% than previous quarter

Overall: decreasing (151.28%). Fluctuation: **Significant** (high variation).



Q1-Q3 2023 financial statements reveal a worrying pattern of significant declines and volatility across various metrics.  Liabilities and current assets on revenue decreased dramatically and inconsistently, which suggests instability in working capital. The retained earnings to revenue ratio shows an increasing trend, though with significant fluctuations.  Retained earnings on assets experienced a decline (22.75%), and earnings per share decreased substantially (151.28%) with considerable volatility.  The data signals a need to thoroughly investigate the factors causing this unstable financial performance.