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 93.5 (%).Trend:Increase 251.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.06 (%).Trend:Decrease 51.81% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.45 (%).Trend:Decrease 34.64% than previous quarter

Overall: decreasing (-68.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 145.36 (%).Trend:Increase 80.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 70.31 (%).Trend:Decrease 51.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 45.51 (%).Trend:Decrease 35.27% than previous quarter

Overall: decreasing (-68.69%). 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 -397.51 (%).Trend:Increase 151.88% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -201.98 (%).Trend:Decrease 49.19% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -140.05 (%).Trend:Decrease 30.66% than previous quarter

Overall: increasing (-64.77%). 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 -83.88 (%).Trend:Decrease 12.05% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -88.49 (%).Trend:Increase 5.5% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -93.71 (%).Trend:Increase 5.9% than previous quarter

Overall: decreasing (11.72%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.22 (USD).Trend:Decrease 81.03% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.32 (USD).Trend:Increase 45.45% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.55 (USD).Trend:Increase 71.88% than previous quarter

Overall: decreasing (150.0%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 data shows significant fluctuations. Liabilities on revenue decreased overall by 68.5%, and current assets on revenue decreased by 68.69%, both with high variability. The ratio of retained earnings to revenue increased by -64.77%, also with significant fluctuation. Retained earnings on assets decreased by 11.72%, while earnings per share decreased by 150%, both showing significant variation.