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 159.73 (%).Trend:Increase 449.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 67.56 (%).Trend:Decrease 57.7% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 44.27 (%).Trend:Decrease 34.47% than previous quarter

Overall: decreasing (-72.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 561.1 (%).Trend:Increase 495.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 281.54 (%).Trend:Decrease 49.82% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 188.5 (%).Trend:Decrease 33.05% than previous quarter

Overall: decreasing (-66.41%). 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 1147.44 (%).Trend:Increase 502.65% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 571.18 (%).Trend:Decrease 50.22% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 367.66 (%).Trend:Decrease 35.63% than previous quarter

Overall: decreasing (-67.96%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.14 (%).Trend:Increase 88.34% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.2 (%).Trend:Increase 0.98% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.08 (%).Trend:Decrease 1.94% than previous quarter

Overall: decreasing (-0.98%). 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 69.06 (%).Trend:Decrease 1.79% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 66.79 (%).Trend:Decrease 3.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 64.54 (%).Trend:Decrease 3.37% than previous quarter

Overall: decreasing (-6.55%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.18 (USD).Trend:Decrease 102.8% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.3 (USD).Trend:Increase 1177.78% than previous quarter
Year 2023 Quarter 3: Earning Per Share -4.03 (USD).Trend:Increase 75.22% than previous quarter

Overall: decreasing (2138.89%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 reveals consistent decreases across most metrics, with significant fluctuations.  Liabilities and current assets on revenue both declined overall with substantial quarter-to-quarter variation, indicating challenges with working capital management.  Cost efficiency, measured by the retained earnings ratio and SG&A expense ratio, also declined, but with considerable variation. Investment efficiency saw a consistent decrease, with minimal fluctuation.  Earnings per share declined drastically throughout the period with substantial variability.