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 125.22 (%).Trend:Increase 204.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 59.94 (%).Trend:Decrease 52.13% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 38.13 (%).Trend:Decrease 36.39% than previous quarter

Overall: decreasing (-69.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 241.76 (%).Trend:Increase 242.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 118.53 (%).Trend:Decrease 50.97% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 77.86 (%).Trend:Decrease 34.31% than previous quarter

Overall: decreasing (-67.79%). 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 -31.64 (%).Trend:Increase 72.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -15.28 (%).Trend:Decrease 51.71% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -10.0 (%).Trend:Decrease 34.55% than previous quarter

Overall: increasing (-68.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.9 (%).Trend:Increase 7.89% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.56 (%).Trend:Increase 5.55% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.23 (%).Trend:Decrease 2.63% than previous quarter

Overall: increasing (2.77%). 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 -6.28 (%).Trend:Decrease 42.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -6.21 (%).Trend:Decrease 1.11% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -6.16 (%).Trend:Decrease 0.81% than previous quarter

Overall: increasing (-1.91%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2023 to Q3 2023 reveals decreasing working capital efficiency, with liabilities and current assets on revenue both declining significantly. Cost efficiency, indicated by the ratio of retained earnings to revenue, shows an overall increase, yet with substantial volatility.  SG&A expense ratios show a small increase. Investment efficiency, measured by retained earnings on assets, shows a slight increase.