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 72.05 (%).Trend:Increase 300.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.49 (%).Trend:Decrease 50.74% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.37 (%).Trend:Decrease 31.33% than previous quarter

Overall: decreasing (-66.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 138.14 (%).Trend:Increase 250.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.59 (%).Trend:Decrease 51.07% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.03 (%).Trend:Decrease 31.9% than previous quarter

Overall: decreasing (-66.68%). 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 21.12 (%).Trend:Increase 31.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -7.09 (%).Trend:Decrease 133.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -6.26 (%).Trend:Decrease 11.71% than previous quarter

Overall: decreasing (-129.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.5 (%).Trend:Increase 28.98% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.07 (%).Trend:Decrease 16.82% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.23 (%).Trend:Increase 2.26% than previous quarter

Overall: decreasing (-14.94%). 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 5.62 (%).Trend:Decrease 63.77% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -4.14 (%).Trend:Decrease 173.67% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -5.43 (%).Trend:Increase 31.16% than previous quarter

Overall: decreasing (-196.62%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -1.4 (USD).Trend:Decrease 22.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share -11.34 (USD).Trend:Increase 710.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -12.42 (USD).Trend:Increase 9.52% than previous quarter

Overall: decreasing (787.14%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation in both liabilities and current assets on revenue during Q1-Q3 2023. Liabilities on revenue increased drastically in Q1, then decreased significantly in Q2 and Q3, resulting in an overall decrease of -66.18%. Similarly, current assets on revenue saw a large increase in Q1, followed by significant decreases in Q2 and Q3, resulting in an overall decrease of -66.68%. Cost efficiency shows a slight overall decrease (-14.94%) in SG&A expense ratio with little fluctuation.  The ratio of retained earnings to revenue, however, shows a significant overall decrease (-129.64%) with high variation. Investment efficiency, measured by retained earnings on assets, demonstrates a substantial decrease (-196.62%) with significant fluctuation. Earning per share also experienced a substantial decrease (787.14%) with significant fluctuation.