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 66.78 (%).Trend:Increase 269.56% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.84 (%).Trend:Decrease 23.87% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 37.89 (%).Trend:Decrease 25.47% than previous quarter

Overall: decreasing (-43.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 109.45 (%).Trend:Increase 224.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 62.06 (%).Trend:Decrease 43.3% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 40.91 (%).Trend:Decrease 34.08% than previous quarter

Overall: decreasing (-62.62%). 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 -361.98 (%).Trend:Increase 340.31% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -176.62 (%).Trend:Decrease 51.21% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -121.58 (%).Trend:Decrease 31.16% than previous quarter

Overall: increasing (-66.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.43 (%).Trend:Increase 107.69% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.25 (%).Trend:Decrease 7.41% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.16 (%).Trend:Decrease 4.0% than previous quarter

Overall: decreasing (-11.11%). 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 -142.92 (%).Trend:Increase 22.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -114.01 (%).Trend:Decrease 20.23% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -115.51 (%).Trend:Increase 1.32% than previous quarter

Overall: increasing (-19.18%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.42 (USD).Trend:Decrease 141.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.34 (USD).Trend:Decrease 19.05% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.79 (USD).Trend:Increase 132.35% than previous quarter

Overall: decreasing (88.1%). Fluctuation: **Significant** (high variation).



Financial performance for Q1 2023 to Q3 2023 shows significant fluctuations across various metrics.  Working capital efficiency declined sharply, with liabilities on revenue decreasing by 43.26% and current assets on revenue by 62.62%.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a somewhat positive trend, but still significant fluctuation,  increasing by -66.41%.  Selling, General & Administrative (SG&A) expenses decreased by 11.11%, indicating better cost control. Investment efficiency, as measured by retained earnings on assets, also experienced significant fluctuation, increasing by -19.18%.  Earnings per share (EPS) declined significantly (-88.1%) during the same period, exhibiting large fluctuations. Overall, the financial performance in the three quarters displays significant volatility, though some positive trends in cost efficiency can be seen.