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 119.15 (%).Trend:Increase 220.55% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.63 (%).Trend:Decrease 51.63% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.16 (%).Trend:Decrease 30.31% than previous quarter

Overall: decreasing (-66.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 91.96 (%).Trend:Increase 223.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 50.09 (%).Trend:Decrease 45.53% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 29.26 (%).Trend:Decrease 41.59% than previous quarter

Overall: decreasing (-68.18%). 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 247.84 (%).Trend:Increase 216.45% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 107.27 (%).Trend:Decrease 56.72% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 70.8 (%).Trend:Decrease 34.0% than previous quarter

Overall: decreasing (-71.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.16 (%).Trend:Increase 4.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.31 (%).Trend:Decrease 8.35% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.87 (%).Trend:Decrease 2.17% than previous quarter

Overall: decreasing (-10.33%). 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 26.6 (%).Trend:Decrease 6.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 26.61 (%).Trend:Increase 0.04% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 28.12 (%).Trend:Increase 5.67% than previous quarter

Overall: increasing (5.71%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q1 to Q3 2023 show significant, negative fluctuations in working capital and cost efficiency metrics.  Liabilities and current assets on revenue decreased markedly from Q1 to Q3. Similarly, the retained earnings-to-revenue ratio trended downward significantly throughout the period.  However, there was a relatively stable, positive trend in investment efficiency with a small increase in retained earnings on assets. SG&A expenses showed a slight but consistent decrease.