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 58.6 (%).Trend:Increase 197.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.58 (%).Trend:Decrease 52.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.52 (%).Trend:Decrease 32.85% than previous quarter

Overall: decreasing (-68.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 135.59 (%).Trend:Increase 247.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.74 (%).Trend:Decrease 50.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 44.42 (%).Trend:Decrease 34.43% than previous quarter

Overall: decreasing (-67.24%). 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 176.63 (%).Trend:Increase 230.83% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 88.07 (%).Trend:Decrease 50.14% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 49.77 (%).Trend:Decrease 43.49% than previous quarter

Overall: decreasing (-71.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.06 (%).Trend:Increase 6.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.49 (%).Trend:Decrease 3.34% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.49 (%).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-3.34%). 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 32.11 (%).Trend:Increase 2.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 32.28 (%).Trend:Increase 0.53% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.53 (%).Trend:Decrease 8.52% than previous quarter

Overall: decreasing (-8.03%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for the three quarters indicate a decreasing trend across all key performance indicators (KPIs).  Working capital efficiency, as measured by liabilities and current assets on revenue, shows substantial declines, potentially hinting at a weakening short-term financial position. Cost efficiency, as reflected in the declining ratio of retained earnings to revenue, also reveals instability in operations.  Interestingly, the SG&A expense ratio and retained earnings on assets demonstrate more predictable downward trends.