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 77.28 (%).Trend:Increase 161.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.55 (%).Trend:Decrease 48.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 27.55 (%).Trend:Decrease 30.34% than previous quarter

Overall: decreasing (-64.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 95.22 (%).Trend:Increase 153.85% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.79 (%).Trend:Decrease 47.71% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.14 (%).Trend:Decrease 25.41% than previous quarter

Overall: decreasing (-61.0%). 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 217.34 (%).Trend:Increase 226.83% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 107.19 (%).Trend:Decrease 50.68% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 68.09 (%).Trend:Decrease 36.48% than previous quarter

Overall: decreasing (-68.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.0 (%).Trend:Increase 6.67% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.61 (%).Trend:Decrease 2.44% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.76 (%).Trend:Decrease 5.45% than previous quarter

Overall: decreasing (-7.75%). 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 34.47 (%).Trend:Increase 8.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.3 (%).Trend:Decrease 0.49% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 34.09 (%).Trend:Decrease 0.61% than previous quarter

Overall: decreasing (-1.1%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 2023 to Q3 2023 reveal significant fluctuations in working capital efficiency. Liabilities and current assets on revenue decreased substantially but with high quarter-to-quarter variation. Cost efficiency shows a slight decrease in SG&A expense ratio, indicating relatively stable operating costs. Investment efficiency shows a minimal decrease in retained earnings on assets with little fluctuation.