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 123.95 (%).Trend:Increase 119.23% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 72.34 (%).Trend:Decrease 41.64% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 60.61 (%).Trend:Decrease 16.22% than previous quarter

Overall: decreasing (-51.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 100.76 (%).Trend:Increase 250.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 48.51 (%).Trend:Decrease 51.86% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.49 (%).Trend:Decrease 10.35% than previous quarter

Overall: decreasing (-56.84%). 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 -250.1 (%).Trend:Increase 194.89% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -126.1 (%).Trend:Decrease 49.58% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -110.65 (%).Trend:Decrease 12.25% than previous quarter

Overall: increasing (-55.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.67 (%).Trend:Decrease 6.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.2 (%).Trend:Decrease 1.64% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.82 (%).Trend:Increase 9.29% than previous quarter

Overall: increasing (7.5%). 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 -22.98 (%).Trend:Increase 0.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -23.32 (%).Trend:Increase 1.48% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -23.87 (%).Trend:Increase 2.36% than previous quarter

Overall: decreasing (3.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.2 (USD).Trend:Decrease 600.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.06 (USD).Trend:Decrease 70.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.12 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-40.0%). Fluctuation: **Significant** (high variation).



Financial data from Q1 to Q3 2023 reveals substantial volatility in key financial metrics. Liabilities on revenue declined from 123.95% to 60.61%, while current assets on revenue also decreased from 100.76% to 43.49%, indicating potential strain on working capital.  A notable increasing trend is present in the ratio of retained earnings to revenue, though this remains significantly negative (-250.1% to -110.65%). The selling, general, and administrative (SG&A) expense ratio shows a slight increase (28.67% to 30.82%). Retained earnings on assets also experienced a downward trend, while earnings per share remained negative and highly volatile. Overall, considerable fluctuation suggests a need for further analysis to understand the underlying causes.