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 78.58 (%).Trend:Increase 57.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.31 (%).Trend:Decrease 41.07% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.36 (%).Trend:Decrease 34.44% than previous quarter

Overall: decreasing (-61.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 220.21 (%).Trend:Increase 100.21% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.46 (%).Trend:Decrease 47.11% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 74.36 (%).Trend:Decrease 36.15% than previous quarter

Overall: decreasing (-66.23%). 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 228.4 (%).Trend:Increase 138.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 108.05 (%).Trend:Decrease 52.69% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 66.93 (%).Trend:Decrease 38.06% than previous quarter

Overall: decreasing (-70.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.89 (%).Trend:Decrease 11.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.52 (%).Trend:Decrease 4.16% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.26 (%).Trend:Decrease 3.05% than previous quarter

Overall: decreasing (-7.09%). 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 40.62 (%).Trend:Increase 7.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 38.96 (%).Trend:Decrease 4.09% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 38.76 (%).Trend:Decrease 0.51% than previous quarter

Overall: decreasing (-4.58%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.14 (USD).Trend:Decrease 86.92% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.02 (USD).Trend:Decrease 85.71% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.36 (USD).Trend:Decrease 1900.0% than previous quarter

Overall: increasing (-357.14%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show substantial volatility. Liabilities and current assets on revenue decreased markedly. Cost efficiency, indicated by the stable decline in SG&A, is relatively consistent. The ratio of retained earnings to revenue declined significantly, with a decrease in Q3.  Investment efficiency exhibited slight decrease in retained earnings on assets. Earnings per share, initially negative, increased in Q3. These metrics, with high variability across the three quarters, showcase considerable dynamic in the financial performance.