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 59.73 (%).Trend:Increase 182.54% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.73 (%).Trend:Decrease 53.57% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.75 (%).Trend:Decrease 32.38% than previous quarter

Overall: decreasing (-68.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 100.55 (%).Trend:Increase 224.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 38.76 (%).Trend:Decrease 61.45% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 27.33 (%).Trend:Decrease 29.49% than previous quarter

Overall: decreasing (-72.82%). 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 83.89 (%).Trend:Increase 190.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 43.26 (%).Trend:Decrease 48.43% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 29.52 (%).Trend:Decrease 31.76% than previous quarter

Overall: decreasing (-64.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.72 (%).Trend:Increase 4.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.76 (%).Trend:Increase 0.34% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.93 (%).Trend:Increase 9.95% than previous quarter

Overall: increasing (10.32%). 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 24.75 (%).Trend:Increase 0.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.25 (%).Trend:Increase 10.1% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 27.28 (%).Trend:Increase 0.11% than previous quarter

Overall: increasing (10.22%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q1 2023 to Q3 2023 exhibit significant decreases in working capital efficiency, liabilities, and retained earnings to revenue ratios.  Liabilities on revenue decreased by 68.61%, while current assets decreased by 72.82%. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased by 64.81%.  Conversely, selling, general, and administrative (SG&A) expense ratios increased steadily (10.32%).  Invest efficiency (retained earnings on assets) showed a small increase (10.22%), indicating some positive momentum in that area.