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 256.98 (%).Trend:Increase 180.24% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 128.31 (%).Trend:Decrease 50.07% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 81.34 (%).Trend:Decrease 36.61% than previous quarter

Overall: decreasing (-68.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 300.05 (%).Trend:Increase 107.33% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 131.88 (%).Trend:Decrease 56.05% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 89.4 (%).Trend:Decrease 32.21% than previous quarter

Overall: decreasing (-70.2%). 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 -573.45 (%).Trend:Increase 170.61% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -282.02 (%).Trend:Decrease 50.82% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -184.69 (%).Trend:Decrease 34.51% than previous quarter

Overall: increasing (-67.79%). 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 -116.7 (%).Trend:Increase 20.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -128.13 (%).Trend:Increase 9.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -128.39 (%).Trend:Increase 0.2% than previous quarter

Overall: decreasing (10.02%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.06 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 33.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.05 (USD).Trend:Decrease 37.5% than previous quarter

Overall: increasing (-16.67%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 shows significant volatility. Liabilities on revenue decreased significantly, while current assets on revenue also decreased considerably.  Cost efficiency, as measured by the ratio of retained earnings to revenue, has an overall decreasing pattern.  Investment efficiency, tracked by retained earnings on assets, displays a negative trend with minor fluctuations. Earnings per share data also exhibits significant volatility with decreases in the reported periods.