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 77.42 (%).Trend:Increase 260.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.33 (%).Trend:Decrease 41.45% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.32 (%).Trend:Decrease 35.32% than previous quarter

Overall: decreasing (-62.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 160.67 (%).Trend:Increase 251.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.73 (%).Trend:Decrease 49.75% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 47.36 (%).Trend:Decrease 41.34% than previous quarter

Overall: decreasing (-70.52%). 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 401.17 (%).Trend:Increase 259.41% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 197.5 (%).Trend:Decrease 50.77% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 127.15 (%).Trend:Decrease 35.62% than previous quarter

Overall: decreasing (-68.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 105.86 (%).Trend:Decrease 1.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 102.38 (%).Trend:Decrease 3.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 104.98 (%).Trend:Increase 2.54% than previous quarter

Overall: decreasing (-0.83%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance in Q1-Q3 2023 suggests a negative trend.  Significant fluctuations in working capital efficiency (declining liabilities and current assets on revenue) and cost efficiency (decreasing retained earnings to revenue ratio) raise concern.  However, relatively stable investment efficiency (slight decrease in retained earnings on assets) suggests that the investment strategy may be sound, despite the negative trends in other areas.