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 249.16 (%).Trend:Increase 252.07% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 108.79 (%).Trend:Decrease 56.34% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 71.24 (%).Trend:Decrease 34.52% than previous quarter

Overall: decreasing (-71.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 454.41 (%).Trend:Increase 235.53% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 197.22 (%).Trend:Decrease 56.6% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 124.83 (%).Trend:Decrease 36.71% than previous quarter

Overall: decreasing (-72.53%). 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 32.86 (%).Trend:Increase 138.63% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 12.1 (%).Trend:Decrease 63.18% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 6.32 (%).Trend:Decrease 47.77% than previous quarter

Overall: decreasing (-80.77%). 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 5.7 (%).Trend:Decrease 31.65% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.87 (%).Trend:Decrease 14.56% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.03 (%).Trend:Decrease 17.25% than previous quarter

Overall: decreasing (-29.3%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.95 (USD).Trend:Decrease 58.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.68 (USD).Trend:Increase 76.84% than previous quarter
Year 2023 Quarter 3: Earning Per Share -2.39 (USD).Trend:Increase 42.26% than previous quarter

Overall: decreasing (151.58%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2023 shows significant fluctuations across various metrics.  Working capital efficiency, current assets on revenue, and the ratio of retained earnings to revenue all experienced substantial, and largely negative, quarter-over-quarter changes.  Liabilities on revenue decreased from Q2 to Q3, but the overall trend is a significant decline.  Investment efficiency, measured by retained earnings on assets, showed a steady, but moderate, downward trend.  Earnings per share declined significantly throughout the period, with substantial quarter-to-quarter variation.  These findings point to a need for further analysis to understand the underlying causes of these dramatic shifts.