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 116.29 (%).Trend:Increase 200.49% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.76 (%).Trend:Decrease 47.75% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.88 (%).Trend:Decrease 32.72% than previous quarter

Overall: decreasing (-64.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 194.21 (%).Trend:Increase 165.79% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.92 (%).Trend:Decrease 53.18% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 53.85 (%).Trend:Decrease 40.77% than previous quarter

Overall: decreasing (-72.27%). 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 -486.18 (%).Trend:Increase 177.33% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -252.67 (%).Trend:Decrease 48.03% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -177.96 (%).Trend:Decrease 29.57% than previous quarter

Overall: increasing (-63.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.14 (%).Trend:Decrease 18.27% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.21 (%).Trend:Increase 4.83% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.26 (%).Trend:Decrease 4.09% than previous quarter

Overall: increasing (0.54%). 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 -71.84 (%).Trend:Increase 7.93% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -75.95 (%).Trend:Increase 5.72% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -83.34 (%).Trend:Increase 9.73% than previous quarter

Overall: decreasing (16.01%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data for Q1 2023 to Q3 2023 indicates significant fluctuations in working capital metrics. Liabilities on revenue decreased by 64.85% but experienced substantial quarter-to-quarter variance. Current assets on revenue also declined by 72.27%, demonstrating a similar pattern.  Cost efficiency reveals a mixed picture. SG&A expense ratio showed little fluctuation, while the retained earnings-to-revenue ratio displayed a concerning increase despite its volatility.  Investment efficiency saw a decline, marked by significant fluctuations in retained earnings on assets.