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 data from Q1 2023 to Q3 2023 showcases a downward trend in working capital efficiency, cost efficiency, and investment efficiency. Liabilities and current assets on revenue are both decreasing, and the ratio of retained earnings to revenue displays a substantial decline.  Selling, general, and administrative (SG&A) expense ratio is also decreasing overall, with a moderate pattern of fluctuation. Investment efficiency, measured by retained earnings on assets, is decreasing, also with a moderate fluctuation pattern.  This indicates a need for intervention to analyze and address the current financial state.