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 90.41 (%).Trend:Increase 182.88% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.1 (%).Trend:Decrease 60.07% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.17 (%).Trend:Decrease 30.28% than previous quarter

Overall: decreasing (-72.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 284.75 (%).Trend:Increase 226.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 137.2 (%).Trend:Decrease 51.82% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 133.82 (%).Trend:Decrease 2.46% than previous quarter

Overall: decreasing (-53.0%). 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 221.71 (%).Trend:Increase 242.89% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 114.89 (%).Trend:Decrease 48.18% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 76.46 (%).Trend:Decrease 33.45% than previous quarter

Overall: decreasing (-65.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.02 (%).Trend:Increase 9.5% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.2 (%).Trend:Increase 1.38% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.28 (%).Trend:Increase 0.61% than previous quarter

Overall: increasing (2.0%). 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 46.91 (%).Trend:Increase 5.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 49.53 (%).Trend:Increase 5.59% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 38.34 (%).Trend:Decrease 22.59% than previous quarter

Overall: decreasing (-18.27%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


The financial statements for Q1 2023 to Q3 2023 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased by 72.16% but with substantial quarter-to-quarter changes. Current assets on revenue also decreased by 53.0% exhibiting significant fluctuation.  Similarly, the ratio of retained earnings to revenue decreased by 65.51% with significant quarterly variation.  Conversely, the selling, general, and administrative (SG&A) expense ratio increased by 2% with minimal quarterly change.  Investment efficiency, measured by retained earnings on assets, decreased by 18.27% with moderate fluctuation.