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 68.82 (%).Trend:Increase 118.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.53 (%).Trend:Decrease 36.75% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 36.25 (%).Trend:Decrease 16.72% than previous quarter

Overall: decreasing (-47.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 183.77 (%).Trend:Increase 128.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 91.57 (%).Trend:Decrease 50.17% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 66.46 (%).Trend:Decrease 27.42% than previous quarter

Overall: decreasing (-63.84%). 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 57.7 (%).Trend:Increase 244.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 27.35 (%).Trend:Decrease 52.6% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 19.42 (%).Trend:Decrease 28.99% than previous quarter

Overall: decreasing (-66.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.21 (%).Trend:Increase 33.4% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.81 (%).Trend:Decrease 1.98% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.65 (%).Trend:Decrease 5.86% than previous quarter

Overall: decreasing (-7.72%). 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 21.98 (%).Trend:Increase 22.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.13 (%).Trend:Decrease 3.87% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 21.47 (%).Trend:Increase 1.61% than previous quarter

Overall: decreasing (-2.32%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance during Q1-Q3 2023 exhibits mostly negative trends.  Liabilities and current assets on revenue are declining substantially. The ratio of retained earnings to revenue demonstrates a significant decrease. While SG&A expenses are decreasing, investment efficiency also shows a slight decrease in retained earnings on assets.