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 64.96 (%).Trend:Increase 142.84% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.11 (%).Trend:Decrease 56.73% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.24 (%).Trend:Increase 4.02% than previous quarter

Overall: decreasing (-54.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 593.1 (%).Trend:Increase 188.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 255.91 (%).Trend:Decrease 56.85% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 174.87 (%).Trend:Decrease 31.67% than previous quarter

Overall: decreasing (-70.52%). 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 -869.67 (%).Trend:Increase 335.97% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -440.18 (%).Trend:Decrease 49.39% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -343.4 (%).Trend:Decrease 21.99% than previous quarter

Overall: increasing (-60.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 56.27 (%).Trend:Decrease 0.97% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 51.11 (%).Trend:Decrease 9.17% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 56.58 (%).Trend:Increase 10.7% than previous quarter

Overall: increasing (0.55%). 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 -81.31 (%).Trend:Increase 37.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -88.34 (%).Trend:Increase 8.65% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -99.67 (%).Trend:Increase 12.83% than previous quarter

Overall: decreasing (22.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.92 (USD).Trend:Decrease 80.47% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.76 (USD).Trend:Increase 91.3% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.85 (USD).Trend:Increase 61.93% than previous quarter

Overall: decreasing (209.78%). Fluctuation: **Significant** (high variation).



Q1 2023 to Q3 2023 financial data shows a mixed bag of financial trends with significant variability. Working capital efficiency demonstrates declining trends in both liabilities and current assets on revenue. Cost efficiency, in terms of retained earnings to revenue, displays a consistent downward trend, though with substantial fluctuation. The SG&A expense ratio shows slight variation, indicating moderate stability.  Investment efficiency and earnings per share illustrate consistent decreases, with notable volatility.  The results indicate potential challenges requiring further analysis.