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 2023 to Q3 2023 shows a consistent downward trend across multiple metrics. Liabilities and current assets on revenue are both decreasing.  The ratio of retained earnings to revenue is also declining significantly. Selling, general, and administrative (SG&A) expense ratio is decreasing overall but with little variation. Investment efficiency is decreasing with moderate variation.  The overall financial trend indicates a need for immediate attention to identify the factors causing this decline.