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 754.78 (%).Trend:Increase 229.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 372.86 (%).Trend:Decrease 50.6% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 261.35 (%).Trend:Decrease 29.91% than previous quarter

Overall: decreasing (-65.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 873.57 (%).Trend:Increase 225.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 423.4 (%).Trend:Decrease 51.53% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 293.26 (%).Trend:Decrease 30.74% than previous quarter

Overall: decreasing (-66.43%). 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 -479.07 (%).Trend:Increase 294.0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -246.7 (%).Trend:Decrease 48.5% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -165.18 (%).Trend:Decrease 33.04% than previous quarter

Overall: increasing (-65.52%). 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 -25.66 (%).Trend:Increase 32.88% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.96 (%).Trend:Increase 12.86% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -29.24 (%).Trend:Increase 0.97% than previous quarter

Overall: decreasing (13.95%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.73 (USD).Trend:Increase 2.82% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.27 (USD).Trend:Increase 73.97% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.4 (USD).Trend:Increase 10.24% than previous quarter

Overall: decreasing (91.78%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2023 to Q3 2023 reveals a decreasing trend for liabilities and current assets on revenue. This indicates a decline in working capital efficiency with substantial volatility. The ratio of retained earnings to revenue, while overall increasing, presents significant fluctuations. Investment efficiency, as measured by retained earnings on assets, shows a decreasing trend, but with substantial quarter-to-quarter variations. Earnings per share are also decreasing significantly and erratically over the same timeframe.