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 162.3 (%).Trend:Increase 165.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.96 (%).Trend:Decrease 64.29% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.15 (%).Trend:Decrease 30.73% than previous quarter

Overall: decreasing (-75.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 111.2 (%).Trend:Increase 118.55% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 41.16 (%).Trend:Decrease 62.99% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 26.05 (%).Trend:Decrease 36.71% than previous quarter

Overall: decreasing (-76.57%). 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 5.03 (%).Trend:Decrease 1.76% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 9.65 (%).Trend:Increase 91.85% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 9.77 (%).Trend:Increase 1.24% than previous quarter

Overall: increasing (94.23%). 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 0.6 (%).Trend:Decrease 72.48% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.17 (%).Trend:Increase 428.33% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 5.01 (%).Trend:Increase 58.04% than previous quarter

Overall: increasing (735.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 200.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 205.88% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.42 (USD).Trend:Increase 133.33% than previous quarter

Overall: increasing (-347.06%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 shows substantial fluctuations across key metrics. Working capital efficiency indicators (liabilities and current assets as a percentage of revenue) decreased considerably (-75.26% and -76.57%, respectively) with high variability.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows an overall increasing trend (94.23%), but with notable fluctuations throughout the period. Invest efficiency, measured by retained earnings on assets, also shows an increasing trend (735.0%), despite significant quarter-to-quarter volatility. Earnings per share, while exhibiting an overall increasing trend (-347.06%), includes considerable fluctuations throughout the period.