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 161.96 (%).Trend:Increase 195.17% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 78.08 (%).Trend:Decrease 51.79% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 60.55 (%).Trend:Decrease 22.45% than previous quarter

Overall: decreasing (-62.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 703.42 (%).Trend:Increase 104.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 276.94 (%).Trend:Decrease 60.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 165.41 (%).Trend:Decrease 40.27% than previous quarter

Overall: decreasing (-76.48%). 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 -2375.46 (%).Trend:Increase 188.22% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1118.28 (%).Trend:Decrease 52.92% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -727.53 (%).Trend:Decrease 34.94% than previous quarter

Overall: increasing (-69.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 104.36 (%).Trend:Decrease 8.8% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 95.6 (%).Trend:Decrease 8.39% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 88.4 (%).Trend:Decrease 7.53% than previous quarter

Overall: decreasing (-15.29%). 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 -265.45 (%).Trend:Increase 33.08% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -309.42 (%).Trend:Increase 16.56% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -339.12 (%).Trend:Increase 9.6% than previous quarter

Overall: decreasing (27.75%). Fluctuation: **Significant** (high variation).

Earning Per Share


From Q1 to Q3 2023, the financial performance shows marked inconsistency.  A significant decrease is observed in both liabilities on revenue (-62.61%) and current assets on revenue (-76.48%).  However, the ratio of retained earnings to revenue unexpectedly increased (-69.37%),  while SG&A expense ratios showed a steady decline (-15.29%). Investment efficiency, reflected in retained earnings on assets, deteriorated (27.75%). The substantial volatility warrants further analysis.