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 120.74 (%).Trend:Increase 169.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 76.93 (%).Trend:Decrease 36.28% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 50.7 (%).Trend:Decrease 34.1% than previous quarter

Overall: decreasing (-58.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 153.84 (%).Trend:Increase 98.53% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.33 (%).Trend:Decrease 48.43% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 53.15 (%).Trend:Decrease 33.0% than previous quarter

Overall: decreasing (-65.45%). 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 -1624.22 (%).Trend:Increase 204.82% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -843.42 (%).Trend:Decrease 48.07% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -553.67 (%).Trend:Decrease 34.35% than previous quarter

Overall: increasing (-65.91%). Fluctuation: **Significant** (high 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 -161.01 (%).Trend:Increase 0.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -155.9 (%).Trend:Decrease 3.17% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -149.57 (%).Trend:Decrease 4.06% than previous quarter

Overall: increasing (-7.11%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 82.98% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.18 (USD).Trend:Increase 125.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.24 (USD).Trend:Increase 33.33% than previous quarter

Overall: decreasing (200.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2023 to Q3 2023 reveals a mixed financial performance with considerable volatility. Liabilities on revenue decreased (-58.01%) showing a notable drop in Q3.  Current assets on revenue also decreased (-65.45%) with significant fluctuation. Cost efficiency, as measured by the ratio of retained earnings to revenue, showed an overall increase (-65.91%) while investment efficiency, measured by retained earnings on assets, also showed an increase (-7.11%) although both were volatile. Earning per share saw a continuous decrease (200.0%).