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 207.0 (%).Trend:Increase 88.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 107.17 (%).Trend:Decrease 48.23% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 63.93 (%).Trend:Decrease 40.35% than previous quarter

Overall: decreasing (-69.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 1227.52 (%).Trend:Increase 58.55% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 459.73 (%).Trend:Decrease 62.55% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 223.69 (%).Trend:Decrease 51.34% than previous quarter

Overall: decreasing (-81.78%). 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 -14547.02 (%).Trend:Increase 118.8% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -6167.45 (%).Trend:Decrease 57.6% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -3465.47 (%).Trend:Decrease 43.81% than previous quarter

Overall: increasing (-76.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 351.42 (%).Trend:Decrease 17.96% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 289.12 (%).Trend:Decrease 17.73% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 249.54 (%).Trend:Decrease 13.69% than previous quarter

Overall: decreasing (-28.99%). 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 -1174.29 (%).Trend:Increase 38.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -1333.65 (%).Trend:Increase 13.57% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -1546.57 (%).Trend:Increase 15.97% than previous quarter

Overall: decreasing (31.7%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 2023 financial data indicates a worrying downward trend in working capital.  Liabilities on revenue are decreasing (-69.12%), and current assets on revenue are also decreasing sharply (-81.78%), potentially signaling cash flow issues. Cost efficiency, represented by the declining ratio of retained earnings to revenue (-76.18%), reveals a potential issue with cost management. SG&A expense ratio is consistently decreasing (-28.99%), suggesting potentially successful cost-cutting efforts.  Investment efficiency (retained earnings on assets) exhibits a negative trend (31.7%), with substantial volatility.  Further investigation is critical to understand the underlying drivers of these trends.