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 205.66 (%).Trend:Increase 308.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 98.73 (%).Trend:Decrease 51.99% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 51.43 (%).Trend:Decrease 47.91% than previous quarter

Overall: decreasing (-74.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 387.87 (%).Trend:Increase 237.19% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 170.87 (%).Trend:Decrease 55.95% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 100.21 (%).Trend:Decrease 41.35% than previous quarter

Overall: decreasing (-74.16%). 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 50.67 (%).Trend:Increase 119.26% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 24.51 (%).Trend:Decrease 51.63% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 17.1 (%).Trend:Decrease 30.23% than previous quarter

Overall: decreasing (-66.25%). 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 7.0 (%).Trend:Decrease 31.71% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 7.75 (%).Trend:Increase 10.71% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 9.07 (%).Trend:Increase 17.03% than previous quarter

Overall: increasing (29.57%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.52 (USD).Trend:Decrease 425.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.35 (USD).Trend:Decrease 32.69% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.16 (USD).Trend:Decrease 54.29% than previous quarter

Overall: increasing (-69.23%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2023 to Q3 2023 reveals significant decreases in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, all with high volatility.  Retained earnings on assets increased moderately.  Earnings per share showed a significant overall increase but with significant fluctuation.