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 73.35 (%).Trend:Increase 176.38% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.86 (%).Trend:Decrease 51.11% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.61 (%).Trend:Decrease 28.58% than previous quarter

Overall: decreasing (-65.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 366.42 (%).Trend:Increase 181.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 190.62 (%).Trend:Decrease 47.98% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 132.65 (%).Trend:Decrease 30.41% than previous quarter

Overall: decreasing (-63.8%). 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 -160.38 (%).Trend:Increase 195.69% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -84.31 (%).Trend:Decrease 47.43% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -58.46 (%).Trend:Decrease 30.66% than previous quarter

Overall: increasing (-63.55%). 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 -27.24 (%).Trend:Increase 6.24% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -26.52 (%).Trend:Decrease 2.64% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -26.95 (%).Trend:Increase 1.62% than previous quarter

Overall: increasing (-1.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.38 (USD).Trend:Decrease 67.24% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.69 (USD).Trend:Increase 81.58% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.97 (USD).Trend:Increase 40.58% than previous quarter

Overall: decreasing (155.26%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 data reveals a significant downward trend in both Liabilities on Revenue (-65.09%) and Current assets on Revenue (-63.8%).  Despite significant fluctuations, the Ratio of Retained Earnings to Revenue improved (-63.55%). Retained Earnings on Assets showed minor improvement (-1.06%), while Earnings Per Share experienced a substantial decrease (155.26%), highlighting substantial volatility.  Strategic adjustments may be needed to address these trends.