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 69.81 (%).Trend:Increase 282.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.85 (%).Trend:Decrease 54.38% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.95 (%).Trend:Decrease 18.52% than previous quarter

Overall: decreasing (-62.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 570.6 (%).Trend:Increase 201.89% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 277.76 (%).Trend:Decrease 51.32% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 193.34 (%).Trend:Decrease 30.39% than previous quarter

Overall: decreasing (-66.12%). 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 62.06 (%).Trend:Increase 111.88% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 9.14 (%).Trend:Decrease 85.27% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -16.77 (%).Trend:Decrease 283.48% than previous quarter

Overall: decreasing (-127.02%). 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 4.22 (%).Trend:Decrease 27.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 1.22 (%).Trend:Decrease 71.09% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -3.35 (%).Trend:Decrease 374.59% than previous quarter

Overall: decreasing (-179.38%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.01 (USD).Trend:Decrease 79.09% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.2 (USD).Trend:Increase 117.82% than previous quarter
Year 2023 Quarter 3: Earning Per Share -3.88 (USD).Trend:Increase 76.36% than previous quarter

Overall: decreasing (284.16%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2023 to Q3 2023 exhibit significant volatility and negative trends. Liabilities on revenue decreased throughout the period, but with large fluctuations. Current assets on revenue also display a decrease and substantial fluctuations. Cost efficiency, as indicated by the ratio of retained earnings to revenue, shows a steep decline and large variance throughout the period. Investment efficiency shows a substantial decline in retained earnings on assets throughout the three quarters. Earnings per share also show a consistent negative trend with significant volatility. Overall, these financial results suggest a period of instability and declining financial performance.