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 125.23 (%).Trend:Increase 241.13% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 65.22 (%).Trend:Decrease 47.92% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.27 (%).Trend:Decrease 47.45% than previous quarter

Overall: decreasing (-72.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 368.67 (%).Trend:Increase 154.08% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 194.56 (%).Trend:Decrease 47.23% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 107.64 (%).Trend:Decrease 44.68% than previous quarter

Overall: decreasing (-70.8%). 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 -2539.94 (%).Trend:Increase 313.63% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1247.79 (%).Trend:Decrease 50.87% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -835.82 (%).Trend:Decrease 33.02% than previous quarter

Overall: increasing (-67.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.85 (%).Trend:Increase 74.17% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.43 (%).Trend:Decrease 3.56% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.58 (%).Trend:Decrease 12.62% than previous quarter

Overall: decreasing (-15.73%). 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 -348.68 (%).Trend:Increase 11.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -343.5 (%).Trend:Decrease 1.49% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -381.21 (%).Trend:Increase 10.98% than previous quarter

Overall: decreasing (9.33%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.31 (USD).Trend:Increase 55.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.58 (USD).Trend:Increase 87.1% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.74 (USD).Trend:Increase 27.59% than previous quarter

Overall: decreasing (138.71%). Fluctuation: **Significant** (high variation).



From Q1 2023 to Q3 2023, significant fluctuations are observed.  Liabilities on revenue decreased sharply (-72.63%), mirroring a substantial decrease in current assets on revenue (-70.8%).  The ratio of retained earnings to revenue showed a substantial increase (-67.09%), highlighting potential operational challenges.  In contrast, the SG&A expense ratio exhibited a modest decrease (-15.73%), indicating improved efficiency.  However, both retained earnings on assets and earnings per share experienced significant declines (9.33% and 138.71% respectively), necessitating further investigation.