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 77.39 (%).Trend:Increase 192.7% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.71 (%).Trend:Decrease 48.69% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 27.77 (%).Trend:Decrease 30.07% than previous quarter

Overall: decreasing (-64.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 125.78 (%).Trend:Increase 197.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.71 (%).Trend:Decrease 46.96% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 44.61 (%).Trend:Decrease 33.13% than previous quarter

Overall: decreasing (-64.53%). 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 95.88 (%).Trend:Increase 202.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 46.43 (%).Trend:Decrease 51.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 30.87 (%).Trend:Decrease 33.51% than previous quarter

Overall: decreasing (-67.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.68 (%).Trend:Increase 10.29% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.11 (%).Trend:Decrease 6.57% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.65 (%).Trend:Decrease 5.67% than previous quarter

Overall: decreasing (-11.87%). 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 30.25 (%).Trend:Increase 0.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.85 (%).Trend:Decrease 1.32% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 30.68 (%).Trend:Increase 2.78% than previous quarter

Overall: increasing (1.42%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q1-Q3 2023 shows significant fluctuation in working capital efficiency.  Both liabilities and current assets on revenue decreased substantially. The ratio of retained earnings to revenue also decreased significantly.  Conversely, the Selling, General & Administrative (SG&A) expense ratio decreased slightly overall, displaying minimal fluctuation. Investment efficiency shows a slight overall increase in retained earnings on assets with little fluctuation.