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 189.22 (%).Trend:Decrease 67.25% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 219.69 (%).Trend:Increase 16.1% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 123.29 (%).Trend:Decrease 43.88% than previous quarter

Overall: decreasing (-34.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 1198.41 (%).Trend:Decrease 37.21% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 987.17 (%).Trend:Decrease 17.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 634.05 (%).Trend:Decrease 35.77% than previous quarter

Overall: decreasing (-47.09%). 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 -1638.98 (%).Trend:Decrease 81.14% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1489.59 (%).Trend:Decrease 9.11% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -1122.02 (%).Trend:Decrease 24.68% than previous quarter

Overall: increasing (-31.54%). 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 -97.07 (%).Trend:Decrease 66.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -105.35 (%).Trend:Increase 8.53% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -119.16 (%).Trend:Increase 13.11% than previous quarter

Overall: decreasing (22.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.36 (USD).Trend:Decrease 87.41% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.13 (USD).Trend:Increase 213.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.53 (USD).Trend:Increase 35.4% than previous quarter

Overall: decreasing (325.0%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2023 reveals significant fluctuations in key financial metrics. Liabilities on revenue decreased overall, but individual quarters showed both increases and decreases.  Similarly, current assets on revenue declined, yet experienced substantial variation. While the ratio of retained earnings to revenue improved (less negative), it also demonstrated considerable volatility.  Retained earnings on assets and earnings per share both decreased significantly, with volatile quarterly trends.