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 168.98 (%).Trend:Increase 629.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.56 (%).Trend:Decrease 62.98% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.48 (%).Trend:Decrease 64.07% than previous quarter

Overall: decreasing (-86.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 257.26 (%).Trend:Increase 439.1% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 95.72 (%).Trend:Decrease 62.79% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.57 (%).Trend:Decrease 51.35% than previous quarter

Overall: decreasing (-81.9%). 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 -225.23 (%).Trend:Increase 540.77% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -54.48 (%).Trend:Decrease 75.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -28.45 (%).Trend:Decrease 47.78% than previous quarter

Overall: increasing (-87.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.04 (%).Trend:Increase 41.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.57 (%).Trend:Decrease 32.13% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.7 (%).Trend:Decrease 2.85% than previous quarter

Overall: decreasing (-34.06%). Fluctuation: **Neutral** (moderate 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 -51.84 (%).Trend:Increase 40.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -37.81 (%).Trend:Decrease 27.06% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -38.06 (%).Trend:Increase 0.66% than previous quarter

Overall: increasing (-26.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.32 (USD).Trend:Decrease 557.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.29 (USD).Trend:Decrease 190.62% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.77 (USD).Trend:Increase 165.52% than previous quarter

Overall: increasing (-340.62%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 shows significant volatility. Liabilities and current assets on revenue decreased overall with large quarterly variations. Cost efficiency metrics, like the ratio of retained earnings to revenue and SG&A ratios, show considerable fluctuations with mostly negative trends. Investment efficiency experienced similar instability. Earnings per share demonstrated substantial swings, with a mix of positive and negative movements throughout the period.  This instability demands further investigation to understand the underlying causes.