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 137.64 (%).Trend:Increase 167.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.69 (%).Trend:Decrease 69.71% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.16 (%).Trend:Decrease 3.67% than previous quarter

Overall: decreasing (-70.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 106.27 (%).Trend:Increase 222.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 50.21 (%).Trend:Decrease 52.75% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 40.56 (%).Trend:Decrease 19.22% than previous quarter

Overall: decreasing (-61.83%). 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 408.63 (%).Trend:Increase 208.63% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 206.54 (%).Trend:Decrease 49.46% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 140.26 (%).Trend:Decrease 32.09% than previous quarter

Overall: decreasing (-65.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.12 (%).Trend:Increase 11.63% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.07 (%).Trend:Decrease 3.73% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.46 (%).Trend:Decrease 2.25% than previous quarter

Overall: decreasing (-5.9%). 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 45.93 (%).Trend:Decrease 0.04% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 46.89 (%).Trend:Increase 2.09% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 44.74 (%).Trend:Decrease 4.59% than previous quarter

Overall: decreasing (-2.59%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q1-Q3 2023 shows significant volatility across most metrics. Liabilities on revenue, while declining overall, experienced a substantial increase in Q1 2023 followed by substantial decreases in subsequent quarters. Current assets on revenue also showed a similar volatile trend, climbing sharply in Q1 before decreasing in Q2 and Q3. Cost efficiency, measured by the ratio of retained earnings to revenue, revealed a substantial overall decline with significant fluctuations.  In contrast, the Selling, General & Administrative (SG&A) expense ratio demonstrates a steady and minor decline, indicating little fluctuation.  Investment efficiency (retained earnings on assets) shows a slight decrease overall with little variation.