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 for Q1 to Q3 2023 reveal substantial declines in working capital and cost efficiency metrics. Liabilities and current assets on revenue both decreased significantly despite notable quarter-to-quarter variations. Cost efficiency, reflected by the ratio of retained earnings to revenue, showed a net increase, yet substantial fluctuations, remaining a concern. Selling, General, and Administrative (SG&A) expenses also decreased slightly. Investment efficiency declined (28.91%), and earnings per share decreased substantially (-182.11%).  These substantial fluctuations across key areas point to financial instability and necessitate a deeper analysis of underlying causes and trends.