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 reveals a significant decrease in working capital efficiency. Liabilities on revenue decreased from Q1 to Q3 by 64.12%, and current assets decreased by 64.53% with significant fluctuation in both metrics. Cost efficiency, as represented by the ratio of retained earnings to revenue, also fell dramatically (67.8% decrease).  Fluctuations in Selling, General & Administrative (SG&A) expenses were minimal, with a slight overall decrease. Investment efficiency demonstrates a modest increase in retained earnings on assets, showing low variation.