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 61.56 (%).Trend:Increase 131.6% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.02 (%).Trend:Decrease 46.36% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.97 (%).Trend:Decrease 42.55% than previous quarter

Overall: decreasing (-69.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 234.57 (%).Trend:Increase 117.62% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 130.17 (%).Trend:Decrease 44.51% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 90.59 (%).Trend:Decrease 30.41% than previous quarter

Overall: decreasing (-61.38%). 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 -104.96 (%).Trend:Increase 274.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -43.21 (%).Trend:Decrease 58.83% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -26.67 (%).Trend:Decrease 38.28% than previous quarter

Overall: increasing (-74.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 44.18 (%).Trend:Increase 14.75% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 41.14 (%).Trend:Decrease 6.88% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.24 (%).Trend:Increase 0.24% than previous quarter

Overall: decreasing (-6.65%). 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 -11.05 (%).Trend:Increase 38.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -9.24 (%).Trend:Decrease 16.38% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -8.58 (%).Trend:Decrease 7.14% than previous quarter

Overall: increasing (-22.35%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.43 (USD).Trend:Decrease 175.44% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.14 (USD).Trend:Decrease 132.56% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.37 (USD).Trend:Increase 164.29% than previous quarter

Overall: increasing (-186.05%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2023 to Q3 2023, Liabilities on Revenue decreased significantly (-69.18%), and Current assets on Revenue also decreased significantly (-61.38%). The Ratio of Retained Earnings to Revenue increased (-74.59%), while the SG&A Expense Ratio decreased slightly (-6.65%). Retained Earning on Assets increased (-22.35%), and Earning Per Share increased (-186.05%). All show significant fluctuation.