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 84.43 (%).Trend:Increase 194.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.4 (%).Trend:Decrease 50.97% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.9 (%).Trend:Decrease 30.19% than previous quarter

Overall: decreasing (-65.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 562.77 (%).Trend:Increase 165.36% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 260.06 (%).Trend:Decrease 53.79% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 171.95 (%).Trend:Decrease 33.88% than previous quarter

Overall: decreasing (-69.45%). 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 -675.29 (%).Trend:Increase 230.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -344.69 (%).Trend:Decrease 48.96% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -242.0 (%).Trend:Decrease 29.79% than previous quarter

Overall: increasing (-64.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 72.6 (%).Trend:Increase 8.98% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 69.21 (%).Trend:Decrease 4.67% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 69.31 (%).Trend:Increase 0.14% than previous quarter

Overall: decreasing (-4.53%). 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 -51.31 (%).Trend:Increase 19.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -55.59 (%).Trend:Increase 8.34% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -59.27 (%).Trend:Increase 6.62% than previous quarter

Overall: decreasing (15.51%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.72 (USD).Trend:Decrease 49.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 38.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (177.78%). Fluctuation: **Significant** (high variation).



Between Q1 2023 and Q3 2023, liabilities on revenue decreased significantly (-65.77%), while current assets on revenue also decreased significantly (-69.45%). The ratio of retained earnings to revenue showed a significant overall increase (-64.16%), indicating potential improvement. SG&A expenses decreased slightly (-4.53%) with low variation.  Investment efficiency metrics show a decreasing trend in retained earnings on assets (-15.51%) and a sharply decreasing trend in earnings per share (-177.78%), both with significant fluctuation.