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 74.62 (%).Trend:Increase 240.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.86 (%).Trend:Decrease 53.28% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.01 (%).Trend:Decrease 2.44% than previous quarter

Overall: decreasing (-54.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 61.26 (%).Trend:Increase 173.48% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 31.63 (%).Trend:Decrease 48.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 24.37 (%).Trend:Decrease 22.95% than previous quarter

Overall: decreasing (-60.22%). 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 15.9 (%).Trend:Increase 1104.55% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 11.98 (%).Trend:Decrease 24.65% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 0.91 (%).Trend:Decrease 92.4% than previous quarter

Overall: decreasing (-94.28%). 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 2.23 (%).Trend:Increase 218.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.35 (%).Trend:Increase 50.22% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 0.36 (%).Trend:Decrease 89.25% than previous quarter

Overall: decreasing (-83.86%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 103.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.26 (USD).Trend:Decrease 425.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.33 (USD).Trend:Decrease 226.92% than previous quarter

Overall: decreasing (312.5%). Fluctuation: **Significant** (high variation).



Working capital efficiency in Q1-Q3 2023 reveals a significant decrease in both liabilities and current assets relative to revenue. Liabilities on revenue decreased from Q1 to Q3, while current assets on revenue also decreased.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a substantial decrease overall during the three quarters.  Invest efficiency, as measured by retained earnings on assets, displays a significant decrease overall. Earnings per share also decreased significantly across the three quarters.  Overall, the financial indicators are declining across all measures.