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 350.14 (%).Trend:Increase 202.39% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 145.25 (%).Trend:Decrease 58.52% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 86.8 (%).Trend:Decrease 40.24% than previous quarter

Overall: decreasing (-75.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 198.78 (%).Trend:Increase 122.27% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 76.72 (%).Trend:Decrease 61.4% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 44.9 (%).Trend:Decrease 41.48% than previous quarter

Overall: decreasing (-77.41%). 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 -1170.64 (%).Trend:Increase 294.18% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -572.84 (%).Trend:Decrease 51.07% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -391.73 (%).Trend:Decrease 31.62% than previous quarter

Overall: increasing (-66.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 83.57 (%).Trend:Increase 1.96% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 78.93 (%).Trend:Decrease 5.55% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 73.68 (%).Trend:Decrease 6.65% than previous quarter

Overall: decreasing (-11.83%). 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 -218.8 (%).Trend:Increase 45.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -244.58 (%).Trend:Increase 11.78% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -282.06 (%).Trend:Increase 15.32% than previous quarter

Overall: decreasing (28.91%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.95 (USD).Trend:Decrease 84.32% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.36 (USD).Trend:Increase 43.16% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.68 (USD).Trend:Increase 97.06% than previous quarter

Overall: decreasing (182.11%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show consistent decreases in working capital. Liabilities on revenue decreased significantly (-75.21%) despite fluctuations.  Current assets on revenue also saw a significant decrease (-77.41%). Cost efficiency, represented by the declining ratio of retained earnings to revenue (though with a net increase), remains a concern (-66.54%). Selling, General, and Administrative (SG&A) expenses decreased slightly (-11.83%). Investment efficiency declined (28.91%).  Earnings per share also fell (-182.11%), suggesting overall financial instability and the need for deeper financial analysis.