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 58.22 (%).Trend:Increase 249.25% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.55 (%).Trend:Decrease 47.53% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.96 (%).Trend:Decrease 24.84% than previous quarter

Overall: decreasing (-60.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 206.81 (%).Trend:Increase 207.52% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 57.08 (%).Trend:Decrease 72.4% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 56.05 (%).Trend:Decrease 1.8% than previous quarter

Overall: decreasing (-72.9%). 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 33.2 (%).Trend:Increase 162.66% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 13.89 (%).Trend:Decrease 58.16% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 4.89 (%).Trend:Decrease 64.79% than previous quarter

Overall: decreasing (-85.27%). 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 4.07 (%).Trend:Decrease 14.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.41 (%).Trend:Decrease 16.22% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 1.46 (%).Trend:Decrease 57.18% than previous quarter

Overall: decreasing (-64.13%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q1 2023 to Q3 2023 shows a largely negative trend across key financial indicators. Liabilities on revenue declined significantly with substantial quarter-to-quarter fluctuations. Current assets on revenue also trended downwards.  Cost efficiency (ratio of retained earnings to revenue) saw consistent declines.  Investment efficiency demonstrated a downward trajectory in retained earnings on assets. All these indicators suggest a weakening financial position.