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 57.2 (%).Trend:Increase 195.61% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.48 (%).Trend:Decrease 46.71% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.58 (%).Trend:Decrease 42.32% than previous quarter

Overall: decreasing (-69.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 135.61 (%).Trend:Decrease 1.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.93 (%).Trend:Decrease 44.75% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 52.9 (%).Trend:Decrease 29.4% than previous quarter

Overall: decreasing (-60.99%). 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 78.97 (%).Trend:Increase 109.19% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.85 (%).Trend:Decrease 53.34% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 23.91 (%).Trend:Decrease 35.12% than previous quarter

Overall: decreasing (-69.72%). 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 5.3 (%).Trend:Decrease 21.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.94 (%).Trend:Decrease 6.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.9 (%).Trend:Decrease 0.81% than previous quarter

Overall: decreasing (-7.55%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Increase 14.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.29 (USD).Trend:Increase 81.25% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.31 (USD).Trend:Increase 6.9% than previous quarter

Overall: decreasing (93.75%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 shows significant volatility. Liabilities on revenue decrease substantially from Q1 to Q3, highlighting a significant turnaround. Current assets on revenue also show a consistent downward trend. Cost efficiency, measured by the ratio of retained earnings to revenue, continues the pattern of decline across all quarters, indicating further strain. Investment efficiency shows a very small overall decrease, demonstrating a steadier trend.  Earnings per share remain negative, but with fluctuations, indicating unstable earnings generation.