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 61.44 (%).Trend:Increase 196.67% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.89 (%).Trend:Decrease 48.1% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 21.24 (%).Trend:Decrease 33.4% than previous quarter

Overall: decreasing (-65.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 98.75 (%).Trend:Increase 193.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.65 (%).Trend:Decrease 49.72% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 34.99 (%).Trend:Decrease 29.53% than previous quarter

Overall: decreasing (-64.57%). 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 -9.81 (%).Trend:Increase 255.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -4.69 (%).Trend:Decrease 52.19% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -5.05 (%).Trend:Increase 7.68% than previous quarter

Overall: increasing (-48.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.49 (%).Trend:Increase 6.47% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.5 (%).Trend:Decrease 3.88% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.66 (%).Trend:Decrease 3.43% than previous quarter

Overall: decreasing (-7.18%). 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 -3.1 (%).Trend:Increase 16.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.98 (%).Trend:Decrease 3.87% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -4.93 (%).Trend:Increase 65.44% than previous quarter

Overall: decreasing (59.03%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance in 2023 exhibited substantial volatility.  Working capital efficiency metrics, such as liabilities and current assets on revenue, declined significantly across the three quarters, with large variations.  Cost efficiency, as indicated by the SG&A expense ratio, decreased steadily with minor fluctuations. Conversely, the ratio of retained earnings to revenue showed substantial increases and decreases, mirroring the inconsistency in investment efficiency as measured by retained earnings on assets.