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 46.47 (%).Trend:Increase 271.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.59 (%).Trend:Decrease 47.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 13.86 (%).Trend:Decrease 43.64% than previous quarter

Overall: decreasing (-70.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 58.76 (%).Trend:Increase 274.98% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 30.74 (%).Trend:Decrease 47.69% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.58 (%).Trend:Decrease 33.05% than previous quarter

Overall: decreasing (-64.98%). 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 18.99 (%).Trend:Increase 230.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7.89 (%).Trend:Decrease 58.45% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 5.75 (%).Trend:Decrease 27.12% than previous quarter

Overall: decreasing (-69.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.23 (%).Trend:Increase 40.94% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.31 (%).Trend:Increase 1.11% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.15 (%).Trend:Decrease 2.19% than previous quarter

Overall: decreasing (-1.11%). 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 10.83 (%).Trend:Decrease 14.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.13 (%).Trend:Decrease 15.7% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 10.13 (%).Trend:Increase 10.95% than previous quarter

Overall: decreasing (-6.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.17 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.4 (USD).Trend:Increase 135.29% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.02 (USD).Trend:Decrease 95.0% than previous quarter

Overall: increasing (-88.24%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2023 to Q3 2023 reveals a mixed financial performance with significant volatility. Working capital efficiency (liabilities and current assets) is decreasing, but cost efficiency (retained earnings to revenue) trends downward.  Selling, general, and administrative (SG&A) expenses show a minor decrease, investment efficiency remains stable.  Earnings per share remain negative and highly variable.