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 50.88 (%).Trend:Increase 80.55% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.68 (%).Trend:Decrease 45.6% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20.35 (%).Trend:Decrease 26.48% than previous quarter

Overall: decreasing (-60.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 75.28 (%).Trend:Increase 93.52% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 34.73 (%).Trend:Decrease 53.87% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 24.45 (%).Trend:Decrease 29.6% than previous quarter

Overall: decreasing (-67.52%). 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 -141.38 (%).Trend:Increase 114.7% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -71.1 (%).Trend:Decrease 49.71% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -49.18 (%).Trend:Decrease 30.83% than previous quarter

Overall: increasing (-65.21%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.71 (%).Trend:Increase 1.19% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.54 (%).Trend:Decrease 1.34% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.9 (%).Trend:Increase 2.87% than previous quarter

Overall: increasing (1.49%). 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 -59.17 (%).Trend:Increase 10.35% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -61.93 (%).Trend:Increase 4.66% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -63.2 (%).Trend:Increase 2.05% than previous quarter

Overall: decreasing (6.81%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.1 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.15 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.25 (USD).Trend:Increase 66.67% than previous quarter

Overall: decreasing (150.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 demonstrate considerable fluctuations in working capital and financial efficiency metrics. Liabilities on revenue and current assets on revenue decreased with significant variations. Cost efficiency, as represented by retained earnings to revenue, increased overall, but with considerable volatility. SG&A expenses had minimal change. Investment efficiency decreased significantly with high variation, and earnings per share continued to decrease.