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 145.93 (%).Trend:Increase 224.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 73.93 (%).Trend:Decrease 49.34% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 49.33 (%).Trend:Decrease 33.27% than previous quarter

Overall: decreasing (-66.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 244.48 (%).Trend:Increase 241.17% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 118.24 (%).Trend:Decrease 51.64% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 81.02 (%).Trend:Decrease 31.48% than previous quarter

Overall: decreasing (-66.86%). 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 -29.89 (%).Trend:Increase 147.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -23.1 (%).Trend:Decrease 22.72% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -15.79 (%).Trend:Decrease 31.65% than previous quarter

Overall: increasing (-47.17%). 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 -7.59 (%).Trend:Decrease 20.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -12.08 (%).Trend:Increase 59.16% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -12.38 (%).Trend:Increase 2.48% than previous quarter

Overall: decreasing (63.11%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.25 (USD).Trend:Decrease 94.62% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.82 (USD).Trend:Increase 228.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.9 (USD).Trend:Increase 9.76% than previous quarter

Overall: decreasing (260.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 demonstrates high volatility. Working capital efficiency, measured by liabilities and current assets on revenue, decreased overall but fluctuated significantly. Cost efficiency (ratio of retained earnings to revenue) indicates a slight upward trend, despite considerable quarter-to-quarter variation. Investment efficiency displays a negative trend with large fluctuations. Earnings per share show a clear downward trend with substantial variations.