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 99.11 (%).Trend:Increase 155.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.14 (%).Trend:Decrease 49.41% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 39.44 (%).Trend:Decrease 21.34% than previous quarter

Overall: decreasing (-60.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 234.44 (%).Trend:Increase 155.66% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 113.54 (%).Trend:Decrease 51.57% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 77.01 (%).Trend:Decrease 32.17% than previous quarter

Overall: decreasing (-67.15%). 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 -552.54 (%).Trend:Increase 445.02% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -291.37 (%).Trend:Decrease 47.27% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -203.24 (%).Trend:Decrease 30.25% than previous quarter

Overall: increasing (-63.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.55 (%).Trend:Increase 6.47% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.04 (%).Trend:Decrease 1.12% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.27 (%).Trend:Increase 0.51% than previous quarter

Overall: decreasing (-0.61%). 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 -101.98 (%).Trend:Increase 177.27% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -110.15 (%).Trend:Increase 8.01% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -117.53 (%).Trend:Increase 6.7% than previous quarter

Overall: decreasing (15.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.76 (USD).Trend:Decrease 92.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.66 (USD).Trend:Increase 118.42% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.61 (USD).Trend:Increase 57.23% than previous quarter

Overall: decreasing (243.42%). Fluctuation: **Significant** (high variation).



This analysis focuses on Q1 2023 to Q3 2023.  Liabilities on Revenue and Current assets on Revenue show significant decreases (-60.21% and -67.15%, respectively). The Ratio of Retained Earnings to Revenue shows an overall increase of -63.22%, while the SG&A Expense Ratio shows a small decrease (-0.61%).  Retained Earning on Assets and Earning Per Share display significant decreases (15.25% and 243.42%, respectively), with high variation throughout the period.