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 222.18 (%).Trend:Increase 184.05% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 113.29 (%).Trend:Decrease 49.01% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 80.35 (%).Trend:Decrease 29.08% than previous quarter

Overall: decreasing (-63.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 801.27 (%).Trend:Increase 105.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 352.62 (%).Trend:Decrease 55.99% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 323.67 (%).Trend:Decrease 8.21% than previous quarter

Overall: decreasing (-59.61%). 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 -4838.94 (%).Trend:Increase 201.13% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -2338.3 (%).Trend:Decrease 51.68% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -1531.46 (%).Trend:Decrease 34.51% than previous quarter

Overall: increasing (-68.35%). 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 -503.34 (%).Trend:Increase 32.74% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -544.92 (%).Trend:Increase 8.26% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -411.59 (%).Trend:Decrease 24.47% than previous quarter

Overall: increasing (-18.23%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.39 (USD).Trend:Decrease 45.83% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.66 (USD).Trend:Increase 69.23% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.66 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (69.23%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 financial data reveals significant fluctuations across key metrics. Liabilities on revenue and current assets on revenue decreased overall, indicating potential working capital challenges.  The ratio of retained earnings to revenue showed a large overall increase despite significant quarter-to-quarter fluctuations, suggesting potential issues with profitability. Retained earnings on assets also increased overall, but earnings per share decreased significantly, indicating concerns regarding profitability and shareholder returns.