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 53.91 (%).Trend:Increase 202.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.69 (%).Trend:Decrease 52.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.94 (%).Trend:Decrease 22.38% than previous quarter

Overall: decreasing (-63.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 16.72 (%).Trend:Increase 188.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 9.48 (%).Trend:Decrease 43.3% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 6.01 (%).Trend:Decrease 36.6% than previous quarter

Overall: decreasing (-64.06%). 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 -112.24 (%).Trend:Increase 200.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -56.84 (%).Trend:Decrease 49.36% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -37.49 (%).Trend:Decrease 34.04% than previous quarter

Overall: increasing (-66.6%). 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 -40.54 (%).Trend:Decrease 0.15% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -39.94 (%).Trend:Decrease 1.48% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -38.53 (%).Trend:Decrease 3.53% than previous quarter

Overall: increasing (-4.96%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.07 (USD).Trend:Decrease 22.22% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.1 (USD).Trend:Increase 42.86% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.08 (USD).Trend:Decrease 20.0% than previous quarter

Overall: decreasing (14.29%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2023 reveals a mixed picture of performance.  Liabilities and current assets on revenue both decreased significantly, potentially suggesting improved liquidity management, although significant fluctuations persist.  The ratio of retained earnings to revenue experienced significant swings but trended towards improvement, contrasting with the negative overall trend in earnings per share, also with high volatility. Investment efficiency remained consistently negative but with less variation.