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 71.03 (%).Trend:Increase 183.44% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.93 (%).Trend:Decrease 45.19% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.08 (%).Trend:Decrease 35.58% than previous quarter

Overall: decreasing (-64.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 55.91 (%).Trend:Increase 185.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 31.38 (%).Trend:Decrease 43.87% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.56 (%).Trend:Decrease 34.48% than previous quarter

Overall: decreasing (-63.23%). 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 108.09 (%).Trend:Increase 247.0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 51.22 (%).Trend:Decrease 52.61% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 22.86 (%).Trend:Decrease 55.37% than previous quarter

Overall: decreasing (-78.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.85 (%).Trend:Decrease 0.83% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.55 (%).Trend:Increase 2.35% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.04 (%).Trend:Decrease 1.67% than previous quarter

Overall: increasing (0.64%). 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 33.25 (%).Trend:Increase 10.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.14 (%).Trend:Decrease 12.36% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 20.08 (%).Trend:Decrease 31.09% than previous quarter

Overall: decreasing (-39.61%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial data from Q1 2023 to Q3 2023 indicates significant decreases in key working capital and cost efficiency ratios.  Liabilities on revenue and current assets on revenue both experienced substantial declines, despite initial increases. The ratio of retained earnings to revenue also decreased sharply.  While the SG&A expense ratio showed a minor increase, investment efficiency (Retained Earning on Assets) exhibited a moderate decrease.  This suggests a deteriorating financial position.