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 87.99 (%).Trend:Increase 0.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.73 (%).Trend:Decrease 52.57% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.0 (%).Trend:Decrease 32.9% than previous quarter

Overall: decreasing (-68.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 252.47 (%).Trend:Increase 44.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 125.84 (%).Trend:Decrease 50.16% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 86.13 (%).Trend:Decrease 31.56% than previous quarter

Overall: decreasing (-65.89%). 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 94.74 (%).Trend:Increase 74.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 43.94 (%).Trend:Decrease 53.62% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 29.31 (%).Trend:Decrease 33.3% than previous quarter

Overall: decreasing (-69.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.83 (%).Trend:Increase 41.32% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.41 (%).Trend:Decrease 2.02% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.74 (%).Trend:Decrease 3.28% than previous quarter

Overall: decreasing (-5.23%). 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 9.21 (%).Trend:Decrease 45.89% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 8.45 (%).Trend:Decrease 8.25% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 8.21 (%).Trend:Decrease 2.84% than previous quarter

Overall: decreasing (-10.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 142.42% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.14 (USD).Trend:Increase 103.57% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.38 (USD).Trend:Increase 21.05% than previous quarter

Overall: decreasing (146.43%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2023 demonstrates significant and largely negative trends. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all exhibited substantial declines.  Earnings per share experienced substantial negative growth, while SG&A expense ratio decreased slightly, though still with negative trends. Investment efficiency (retained earnings on assets) showed a moderate decrease with little variation. Overall, the data suggests a period of declining financial performance.