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 115.52 (%).Trend:Increase 131.92% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.36 (%).Trend:Decrease 52.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 37.17 (%).Trend:Decrease 31.62% than previous quarter

Overall: decreasing (-67.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 101.32 (%).Trend:Increase 187.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.95 (%).Trend:Decrease 53.66% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 32.5 (%).Trend:Decrease 30.78% than previous quarter

Overall: decreasing (-67.92%). 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 47.82 (%).Trend:Increase 166.85% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 22.63 (%).Trend:Decrease 52.68% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 7.73 (%).Trend:Decrease 65.84% than previous quarter

Overall: decreasing (-83.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.0 (%).Trend:Increase 12.11% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.72 (%).Trend:Increase 4.8% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.9 (%).Trend:Increase 1.15% than previous quarter

Overall: increasing (6.0%). 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 13.52 (%).Trend:Decrease 10.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.94 (%).Trend:Decrease 4.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.13 (%).Trend:Decrease 44.9% than previous quarter

Overall: decreasing (-47.26%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial statements for Q1 to Q3 2023 reveal a concerning pattern of declining performance across several key areas. Working capital efficiency indicators, including liabilities and current assets on revenue, significantly decreased throughout the quarter, suggesting potential short-term liquidity challenges.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also decreased substantially, indicating a decline in profitability.  The SG&A expense ratio, however, showed a modest but consistent upward trend. Investment efficiency also experienced a substantial decrease in retained earnings on assets.