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 74.44 (%).Trend:Increase 191.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.55 (%).Trend:Decrease 48.21% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.44 (%).Trend:Decrease 26.23% than previous quarter

Overall: decreasing (-61.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 339.81 (%).Trend:Increase 85.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 120.59 (%).Trend:Decrease 64.51% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 65.81 (%).Trend:Decrease 45.43% than previous quarter

Overall: decreasing (-80.63%). 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 -36.44 (%).Trend:Increase 182.7% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -11.81 (%).Trend:Decrease 67.59% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -11.74 (%).Trend:Decrease 0.59% than previous quarter

Overall: increasing (-67.78%). 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 -2.89 (%).Trend:Decrease 4.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.22 (%).Trend:Decrease 23.18% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -3.44 (%).Trend:Increase 54.95% than previous quarter

Overall: decreasing (19.03%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 99.03% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.22 (USD).Trend:Increase 1000.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.07 (USD).Trend:Decrease 68.18% than previous quarter

Overall: increasing (250.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 exhibits substantial volatility. Liabilities on revenue decreased by 61.79%, but with pronounced fluctuations.  Current assets on revenue also decreased significantly (-80.63%).  Cost efficiency, calculated by the retained earnings to revenue ratio, increased slightly (-67.78%), but again with substantial changes. Investment efficiency also decreased overall (-19.03%).  Earnings per share showed a significant increase (250.0%), but with significant volatility. The results suggest a potentially unstable financial situation.