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 4648.08 (%).Trend:Increase 1257.54% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 1683.94 (%).Trend:Decrease 63.77% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 1814.0 (%).Trend:Increase 7.72% than previous quarter

Overall: decreasing (-60.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 5945.91 (%).Trend:Increase 2788.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 2299.3 (%).Trend:Decrease 61.33% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 2180.12 (%).Trend:Decrease 5.18% than previous quarter

Overall: decreasing (-63.33%). 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 -226674.52 (%).Trend:Increase 10887.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -110830.01 (%).Trend:Decrease 51.11% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -118594.75 (%).Trend:Increase 7.01% than previous quarter

Overall: increasing (-47.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 734.62 (%).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 684.29 (%).Trend:Decrease 6.85% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 928.38 (%).Trend:Increase 35.67% than previous quarter

Overall: increasing (26.38%). Fluctuation: **Neutral** (moderate 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 -1582.13 (%).Trend:Increase 134.09% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -1760.84 (%).Trend:Increase 11.3% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -1878.99 (%).Trend:Increase 6.71% than previous quarter

Overall: decreasing (18.76%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q1 2023 to Q3 2023 shows significant fluctuations.  Liabilities on revenue and current assets on revenue decreased by -60.97% and -63.33%, respectively. The ratio of retained earnings to revenue increased by -47.68%, while the SG&A expense ratio increased by 26.38%, suggesting operational inefficiencies. Retained earnings on assets decreased by 18.76%, indicating further investigation is required.