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 75.63 (%).Trend:Increase 189.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.87 (%).Trend:Decrease 39.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.04 (%).Trend:Decrease 38.87% than previous quarter

Overall: decreasing (-62.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 156.81 (%).Trend:Increase 212.5% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 77.72 (%).Trend:Decrease 50.44% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 48.56 (%).Trend:Decrease 37.52% than previous quarter

Overall: decreasing (-69.03%). 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 41.82 (%).Trend:Increase 279.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 19.36 (%).Trend:Decrease 53.71% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 7.84 (%).Trend:Decrease 59.5% than previous quarter

Overall: decreasing (-81.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.53 (%).Trend:Increase 23.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.45 (%).Trend:Decrease 15.77% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 4.5% than previous quarter

Overall: decreasing (-19.56%). Fluctuation: **Neutral** (moderate 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 12.27 (%).Trend:Increase 6.6% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.62 (%).Trend:Increase 2.85% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 8.16 (%).Trend:Decrease 35.34% than previous quarter

Overall: decreasing (-33.5%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q1 to Q3 2023 demonstrates a significant decline across various financial metrics.  Working capital, cost, and investment efficiency all decreased significantly, with large fluctuations across the three quarters.  The ratio of retained earnings to revenue shows a notable overall decline. The SG&A expense ratio shows a slight overall decline with little variation.  Investment efficiency, based on retained earnings on assets, is also decreasing with a neutral fluctuation pattern.  Immediate corrective actions are crucial to understand the underlying issues causing this performance deterioration.