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 126.86 (%).Trend:Increase 170.61% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.53 (%).Trend:Decrease 56.23% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 60.73 (%).Trend:Increase 9.36% than previous quarter

Overall: decreasing (-52.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 207.43 (%).Trend:Increase 173.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 99.48 (%).Trend:Decrease 52.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 69.28 (%).Trend:Decrease 30.36% than previous quarter

Overall: decreasing (-66.6%). 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 -73.93 (%).Trend:Increase 426.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -38.9 (%).Trend:Decrease 47.38% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -51.89 (%).Trend:Increase 33.39% than previous quarter

Overall: increasing (-29.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 57.51 (%).Trend:Increase 13.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 53.22 (%).Trend:Decrease 7.46% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 53.16 (%).Trend:Decrease 0.11% than previous quarter

Overall: decreasing (-7.56%). 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 -9.39 (%).Trend:Increase 78.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -9.97 (%).Trend:Increase 6.18% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -21.62 (%).Trend:Increase 116.85% than previous quarter

Overall: decreasing (130.24%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.04 (USD).Trend:Decrease 110.26% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.07 (USD).Trend:Decrease 275.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -3.22 (USD).Trend:Decrease 4700.0% than previous quarter

Overall: decreasing (7950.0%). Fluctuation: **Significant** (high variation).



Financial review of Q1 2023 to Q3 2023 reveals highly fluctuating financial performance.  Working capital efficiency, with both liabilities and current assets on revenue decreasing, demonstrates large variations. Cost efficiency, measured by retained earnings to revenue, shows an unusual increase with substantial fluctuation. Selling, General & Administrative (SG&A) expense ratio shows a small decrease. Investment efficiency and earnings per share show a substantial decrease and high fluctuation.