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 127.03 (%).Trend:Increase 237.85% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 61.7 (%).Trend:Decrease 51.43% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 36.96 (%).Trend:Decrease 40.1% than previous quarter

Overall: decreasing (-70.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 668.29 (%).Trend:Increase 213.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 314.68 (%).Trend:Decrease 52.91% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 198.2 (%).Trend:Decrease 37.02% than previous quarter

Overall: decreasing (-70.34%). 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 -637.92 (%).Trend:Increase 259.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -321.64 (%).Trend:Decrease 49.58% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -218.1 (%).Trend:Decrease 32.19% than previous quarter

Overall: increasing (-65.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.08 (%).Trend:Increase 5.12% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.01 (%).Trend:Decrease 2.23% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.36 (%).Trend:Decrease 14.15% than previous quarter

Overall: decreasing (-16.06%). 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 -53.62 (%).Trend:Increase 6.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -56.04 (%).Trend:Increase 4.51% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -58.44 (%).Trend:Increase 4.28% than previous quarter

Overall: decreasing (8.99%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.23 (USD).Trend:Decrease 70.13% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.45 (USD).Trend:Increase 95.65% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.54 (USD).Trend:Increase 20.0% than previous quarter

Overall: decreasing (134.78%). Fluctuation: **Significant** (high variation).



Analyzing Q1-Q3 2023 financial data, working capital efficiency displays a significant decrease in both liabilities and current assets on revenue. Cost efficiency shows an overall increase in the ratio of retained earnings to revenue despite large fluctuations. Selling, General & Administrative (SG&A) expenses are decreasing slightly, while investment efficiency and earnings per share continue a downward trend.