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 65.74 (%).Trend:Increase 318.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.11 (%).Trend:Decrease 29.86% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.79 (%).Trend:Decrease 33.22% than previous quarter

Overall: decreasing (-53.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 1738.37 (%).Trend:Increase 484.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 1003.45 (%).Trend:Decrease 42.28% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 656.46 (%).Trend:Decrease 34.58% than previous quarter

Overall: decreasing (-62.24%). 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 -63.52 (%).Trend:Increase 2136.62% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -76.1 (%).Trend:Increase 19.8% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -67.33 (%).Trend:Decrease 11.52% than previous quarter

Overall: decreasing (6.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 54.07 (%).Trend:Increase 111.87% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 63.58 (%).Trend:Increase 17.59% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 62.46 (%).Trend:Decrease 1.76% than previous quarter

Overall: increasing (15.52%). 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 -3.26 (%).Trend:Increase 279.07% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -6.74 (%).Trend:Increase 106.75% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -9.15 (%).Trend:Increase 35.76% than previous quarter

Overall: decreasing (180.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.76 (USD).Trend:Decrease 164.96% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.93 (USD).Trend:Increase 153.95% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.74 (USD).Trend:Increase 41.97% than previous quarter

Overall: decreasing (260.53%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 reveals significant decreases in Liabilities on Revenue and Current Assets on Revenue, accompanied by high variation. The Ratio of Retained Earnings to Revenue shows a slight decrease, and SG&A expenses increased moderately.  Retained Earnings on Assets and Earnings Per Share decreased considerably.