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 114.81 (%).Trend:Increase 162.3% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.61 (%).Trend:Decrease 49.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 45.82 (%).Trend:Decrease 20.47% than previous quarter

Overall: decreasing (-60.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 334.01 (%).Trend:Increase 187.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 176.16 (%).Trend:Decrease 47.26% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 123.48 (%).Trend:Decrease 29.9% than previous quarter

Overall: decreasing (-63.03%). 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 -657.17 (%).Trend:Increase 146.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -397.33 (%).Trend:Decrease 39.54% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -286.14 (%).Trend:Decrease 27.98% than previous quarter

Overall: increasing (-56.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.43 (%).Trend:Decrease 15.07% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.13 (%).Trend:Increase 16.5% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.43 (%).Trend:Increase 4.98% than previous quarter

Overall: increasing (22.29%). 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 -81.21 (%).Trend:Decrease 6.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -84.57 (%).Trend:Increase 4.14% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -85.52 (%).Trend:Increase 1.12% than previous quarter

Overall: decreasing (5.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 19.05% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.25 (USD).Trend:Increase 47.06% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.36 (USD).Trend:Increase 44.0% than previous quarter

Overall: decreasing (111.76%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 shows continued instability.  Working capital efficiency metrics (liabilities and current assets on revenue) show substantial decreases, indicating challenges in managing assets and liabilities. Cost efficiency (specifically SG&A) demonstrates slight improvement, while other cost metrics are highly variable. Investment efficiency reveals a decreasing trend in retained earnings on assets, and earnings per share exhibit a consistent downward trend. The data suggests a persistent pattern of volatility requiring careful management strategies.