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 72.78 (%).Trend:Increase 199.01% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.5 (%).Trend:Decrease 51.22% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.71 (%).Trend:Decrease 30.39% than previous quarter

Overall: decreasing (-66.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 226.8 (%).Trend:Increase 191.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.01 (%).Trend:Decrease 48.85% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 81.16 (%).Trend:Decrease 30.04% than previous quarter

Overall: decreasing (-64.22%). 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 256.43 (%).Trend:Increase 179.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 126.55 (%).Trend:Decrease 50.65% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 84.8 (%).Trend:Decrease 32.99% than previous quarter

Overall: decreasing (-66.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.74 (%).Trend:Increase 1.11% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.2 (%).Trend:Decrease 2.27% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.83 (%).Trend:Decrease 1.59% than previous quarter

Overall: decreasing (-3.83%). 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 64.41 (%).Trend:Decrease 3.71% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 64.3 (%).Trend:Decrease 0.17% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 64.07 (%).Trend:Decrease 0.36% than previous quarter

Overall: decreasing (-0.53%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q1 to Q3 2023 reveals substantial fluctuations in working capital efficiency.  Liabilities and current assets on revenue decreased significantly, suggesting operational challenges. Cost efficiency, measured by the ratio of retained earnings to revenue, also declined drastically, while SG&A expense ratios decreased slightly and more steadily. Investment efficiency (retained earnings on assets) showed minimal fluctuations.  The data indicates periods of high variability in most financial indicators, potentially requiring further investigation to understand underlying factors and formulate effective strategies.