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 258.4 (%).Trend:Increase 191.38% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 137.0 (%).Trend:Decrease 46.98% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 93.81 (%).Trend:Decrease 31.53% than previous quarter

Overall: decreasing (-63.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 345.3 (%).Trend:Increase 262.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 190.92 (%).Trend:Decrease 44.71% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 122.19 (%).Trend:Decrease 36.0% than previous quarter

Overall: decreasing (-64.61%). 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 -102.88 (%).Trend:Increase 73.34% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -40.41 (%).Trend:Decrease 60.72% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -33.41 (%).Trend:Decrease 17.32% than previous quarter

Overall: increasing (-67.53%). 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 -19.01 (%).Trend:Decrease 45.47% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -13.79 (%).Trend:Decrease 27.46% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -17.37 (%).Trend:Increase 25.96% than previous quarter

Overall: increasing (-8.63%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.32 (USD).Trend:Decrease 52.94% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.66 (USD).Trend:Increase 106.25% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.07 (USD).Trend:Increase 62.12% than previous quarter

Overall: increasing (234.38%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2023 reveals significant volatility in several key areas. Liabilities on revenue decreased from Q1 to Q3, despite a large increase in Q1. Current assets on revenue also decreased significantly across the same period. Cost efficiency (ratio of retained earnings to revenue) shows an initial increase in Q1, then subsequent decreases, suggesting an inconsistent trend. Investment efficiency shows a slightly upward trend, while earnings per share shows a considerable increase from Q2 to Q3.  Variability is a significant concern across all metrics.