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 222.72 (%).Trend:Increase 219.82% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 100.51 (%).Trend:Decrease 54.87% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 62.88 (%).Trend:Decrease 37.44% than previous quarter

Overall: decreasing (-71.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 105.03 (%).Trend:Increase 163.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.16 (%).Trend:Decrease 56.05% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 27.96 (%).Trend:Decrease 39.43% than previous quarter

Overall: decreasing (-73.38%). 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 6.32 (%).Trend:Increase 586.96% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 9.07 (%).Trend:Increase 43.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 8.24 (%).Trend:Decrease 9.15% than previous quarter

Overall: increasing (30.38%). Fluctuation: **Neutral** (moderate 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 1.1 (%).Trend:Increase 134.04% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.5 (%).Trend:Increase 218.18% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.93 (%).Trend:Increase 40.86% than previous quarter

Overall: increasing (348.18%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.57 (USD).Trend:Decrease 174.03% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.29 (USD).Trend:Decrease 501.75% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.03 (USD).Trend:Increase 75.98% than previous quarter

Overall: increasing (-807.02%). Fluctuation: **Significant** (high variation).



Financial performance during Q1-Q3 2023 demonstrates considerable volatility. Liabilities on revenue initially surged, then declined, while current assets on revenue also saw a large increase, followed by decreases in the subsequent quarters.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a positive overall trend with moderate variation.  Investment efficiency, on the other hand, shows a positive and highly variable trend. Earning per share demonstrates significant volatility, initially negative, then moving positive.  These trends indicate a potentially volatile business environment.