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 201.86 (%).Trend:Increase 229.24% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 90.85 (%).Trend:Decrease 54.99% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 59.14 (%).Trend:Decrease 34.9% than previous quarter

Overall: decreasing (-70.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 245.61 (%).Trend:Increase 180.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 119.26 (%).Trend:Decrease 51.44% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 81.8 (%).Trend:Decrease 31.41% than previous quarter

Overall: decreasing (-66.7%). 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 -24.88 (%).Trend:Increase 219.38% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -12.85 (%).Trend:Decrease 48.35% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -7.89 (%).Trend:Decrease 38.6% than previous quarter

Overall: increasing (-68.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 47.21 (%).Trend:Increase 12.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.32 (%).Trend:Increase 0.23% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.4 (%).Trend:Decrease 4.06% than previous quarter

Overall: decreasing (-3.83%). 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 -2.46 (%).Trend:Increase 13.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.61 (%).Trend:Increase 6.1% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -2.42 (%).Trend:Decrease 7.28% than previous quarter

Overall: increasing (-1.63%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 200.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.19 (USD).Trend:Increase 137.5% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.21 (USD).Trend:Increase 10.53% than previous quarter

Overall: decreasing (162.5%). Fluctuation: **Significant** (high variation).



The financial performance from Q1-Q3 2023 exhibits substantial volatility. Key concerns include significantly declining liabilities and current assets relative to revenue, indicating potential working capital issues. While the ratio of retained earnings to revenue shows improvement,  earnings per share is drastically down.  Stable SG&A expense ratios offer a small positive. The significant fluctuations in most ratios necessitate urgent attention to improve financial stability.