Working Capital Efficiency
The data from Quater 3 in 2021 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 3: Liabilities on Revenue 138.37 (%).Trend:Decrease 50.04% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 94.66 (%).Trend:Decrease 31.59% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 127.99 (%).Trend:Increase 35.21% than previous quarter

Overall: decreasing (-7.5%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 723.21 (%).Trend:Decrease 57.33% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 393.98 (%).Trend:Decrease 45.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 612.35 (%).Trend:Increase 55.43% than previous quarter

Overall: decreasing (-15.33%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2021 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -1924.89 (%).Trend:Decrease 45.23% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -1292.73 (%).Trend:Decrease 32.84% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -2184.75 (%).Trend:Increase 69.0% than previous quarter

Overall: decreasing (13.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 171.59 (%).Trend:Increase 33.9% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 148.27 (%).Trend:Decrease 13.59% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 60.5 (%).Trend:Decrease 59.2% than previous quarter

Overall: decreasing (-64.74%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2021 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 3: Retained Earning on Assets -248.02 (%).Trend:Increase 28.57% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -303.79 (%).Trend:Increase 22.49% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -321.9 (%).Trend:Increase 5.96% than previous quarter

Overall: decreasing (29.79%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -1.58 (USD).Trend:Increase 146.88% than previous quarter
Year 2022 Quarter 3: Earning Per Share -2.21 (USD).Trend:Increase 39.87% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.15 (USD).Trend:Decrease 93.21% than previous quarter

Overall: increasing (-90.51%). Fluctuation: **Significant** (high variation).



From Q3 2021 to Q1 2023, liabilities on revenue and current assets on revenue decreased overall, though with significant fluctuations.  The ratio of retained earnings to revenue also decreased overall, showing high variability.  The SG&A expense ratio decreased significantly, while retained earnings on assets decreased moderately. Earnings per share increased overall despite high volatility.