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 89.56 (%).Trend:Increase 166.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 42.34 (%).Trend:Decrease 52.72% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.19 (%).Trend:Decrease 33.42% than previous quarter

Overall: decreasing (-68.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 161.32 (%).Trend:Increase 214.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.09 (%).Trend:Decrease 54.69% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.64 (%).Trend:Decrease 36.19% than previous quarter

Overall: decreasing (-71.09%). 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 0.5 (%).Trend:Decrease 38.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1.11 (%).Trend:Increase 122.0% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 1.34 (%).Trend:Increase 20.72% than previous quarter

Overall: increasing (168.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.47 (%).Trend:Increase 35.9% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.34 (%).Trend:Decrease 18.57% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.77 (%).Trend:Decrease 6.1% than previous quarter

Overall: decreasing (-23.54%). 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 0.21 (%).Trend:Decrease 79.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 1.01 (%).Trend:Increase 380.95% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 1.88 (%).Trend:Increase 86.14% than previous quarter

Overall: increasing (795.24%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 2023 to Q3 2023 reveals significant fluctuations in working capital efficiency. Liabilities on revenue decreased by 68.52%, while current assets on revenue decreased by 71.09%, both exhibiting substantial volatility. Cost efficiency shows a decrease in the SG&A expense ratio by 23.54%, with moderate fluctuations. Conversely, the ratio of retained earnings to revenue increased by 168%, and retained earnings on assets surged by 795.24%, both experiencing substantial variability.  Overall, the data suggests considerable changes in financial performance across different categories, necessitating further investigation.