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 161.22 (%).Trend:Increase 104.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.54 (%).Trend:Decrease 70.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.89 (%).Trend:Decrease 35.02% than previous quarter

Overall: decreasing (-80.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 272.85 (%).Trend:Increase 107.93% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 130.51 (%).Trend:Decrease 52.17% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 84.4 (%).Trend:Decrease 35.33% than previous quarter

Overall: decreasing (-69.07%). 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 2.47 (%).Trend:Decrease 47.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -6.3 (%).Trend:Decrease 355.06% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -12.27 (%).Trend:Increase 94.76% than previous quarter

Overall: decreasing (-596.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.81 (%).Trend:Increase 6.28% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.57 (%).Trend:Decrease 1.15% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.32 (%).Trend:Increase 3.65% than previous quarter

Overall: increasing (2.45%). 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 0.41 (%).Trend:Decrease 76.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.18 (%).Trend:Decrease 631.71% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -6.5 (%).Trend:Increase 198.17% than previous quarter

Overall: decreasing (-1685.37%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.44 (USD).Trend:Decrease 38.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.87 (USD).Trend:Increase 97.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.79 (USD).Trend:Increase 105.75% than previous quarter

Overall: decreasing (306.82%). Fluctuation: **Significant** (high variation).



Financial Statement Response 1 (Q1 2023-Q3 2023) displays extreme volatility in financial metrics. Liabilities and current assets on revenue fluctuate considerably.  Cost efficiency, primarily the retained earnings-to-revenue ratio, displays steep decreases. Selling, general, and administrative (SG&A) expense ratio exhibits mild, steady increases. Investment efficiency and earnings per share also show severe declines, marked by high variation. The data strongly indicates extreme financial instability and potential severe operational challenges.