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 78.19 (%).Trend:Increase 127.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.04 (%).Trend:Decrease 52.63% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.23 (%).Trend:Decrease 29.18% than previous quarter

Overall: decreasing (-66.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 67.01 (%).Trend:Increase 36.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.13 (%).Trend:Decrease 52.05% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 24.19 (%).Trend:Decrease 24.71% than previous quarter

Overall: decreasing (-63.9%). 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 -38.52 (%).Trend:Increase 270.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -15.62 (%).Trend:Decrease 59.45% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -8.96 (%).Trend:Decrease 42.64% than previous quarter

Overall: increasing (-76.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.14 (%).Trend:Decrease 33.83% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.48 (%).Trend:Increase 4.76% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.0 (%).Trend:Increase 6.95% than previous quarter

Overall: increasing (12.04%). 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 -25.83 (%).Trend:Increase 112.07% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -22.97 (%).Trend:Decrease 11.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -19.06 (%).Trend:Decrease 17.02% than previous quarter

Overall: increasing (-26.21%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.35 (USD).Trend:Decrease 52.7% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.13 (USD).Trend:Decrease 62.86% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.16 (USD).Trend:Decrease 223.08% than previous quarter

Overall: increasing (-145.71%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue are decreasing, but with high volatility.  Cost efficiency, as measured by the SG&A expense ratio, shows a modest increase.  Investment efficiency, as measured by retained earnings on assets and earnings per share, also displays significant volatility and an overall increasing trend (despite negative values).  The data suggests a complex financial landscape with substantial variation in key performance indicators.