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 110.33 (%).Trend:Increase 168.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.47 (%).Trend:Decrease 57.88% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.7 (%).Trend:Decrease 33.94% than previous quarter

Overall: decreasing (-72.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 346.1 (%).Trend:Increase 205.18% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 151.81 (%).Trend:Decrease 56.14% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 101.65 (%).Trend:Decrease 33.04% than previous quarter

Overall: decreasing (-70.63%). 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 278.97 (%).Trend:Increase 207.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 23.98 (%).Trend:Decrease 91.4% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 16.67 (%).Trend:Decrease 30.48% than previous quarter

Overall: decreasing (-94.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.91 (%).Trend:Increase 69.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.37 (%).Trend:Decrease 11.59% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.83 (%).Trend:Decrease 2.79% than previous quarter

Overall: decreasing (-14.06%). 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 19.49 (%).Trend:Decrease 0.76% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.67 (%).Trend:Decrease 76.04% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.98 (%).Trend:Increase 6.64% than previous quarter

Overall: decreasing (-74.45%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.64 (USD).Trend:Decrease 113.2% than previous quarter
Year 2023 Quarter 2: Earning Per Share -27.14 (USD).Trend:Increase 4140.62% than previous quarter
Year 2023 Quarter 3: Earning Per Share -26.53 (USD).Trend:Decrease 2.25% than previous quarter

Overall: decreasing (4045.31%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 show negative overall trends. Working capital efficiency, measured by liabilities and current assets on revenue, decreased sharply. Cost efficiency, reflected by the ratio of retained earnings to revenue, saw significant declines.  Selling, general, and administrative (SG&A) expenses experienced small changes. Investment efficiency and earnings per share (EPS) decreased significantly in Q1 2023, after fluctuating in prior quarters. This period shows a concerning negative overall performance trend.