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 107.75 (%).Trend:Increase 178.42% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 56.14 (%).Trend:Decrease 47.9% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 37.62 (%).Trend:Decrease 32.99% than previous quarter

Overall: decreasing (-65.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 284.09 (%).Trend:Increase 202.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 143.56 (%).Trend:Decrease 49.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 95.94 (%).Trend:Decrease 33.17% than previous quarter

Overall: decreasing (-66.23%). 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 -362.03 (%).Trend:Increase 176.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -184.47 (%).Trend:Decrease 49.05% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -123.31 (%).Trend:Decrease 33.15% than previous quarter

Overall: increasing (-65.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.09 (%).Trend:Decrease 6.7% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.0 (%).Trend:Decrease 0.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.45 (%).Trend:Increase 1.87% than previous quarter

Overall: increasing (1.49%). 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 -80.48 (%).Trend:Decrease 4.76% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -81.86 (%).Trend:Increase 1.71% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -82.36 (%).Trend:Increase 0.61% than previous quarter

Overall: decreasing (2.34%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.34 (USD).Trend:Decrease 111.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.99 (USD).Trend:Increase 191.18% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.21 (USD).Trend:Decrease 78.79% than previous quarter

Overall: increasing (-38.24%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 shows significant volatility. Working capital efficiency reveals decreases in both liabilities and current assets on revenue, yet substantial fluctuations persist. Cost efficiency shows a generally decreasing SG&A expense ratio, though with some fluctuation, while the retained earnings ratio displays considerable volatility, decreasing overall. Investment efficiency and earnings per share show volatile trends, with mixed results.