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 44.99 (%).Trend:Increase 128.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.97 (%).Trend:Decrease 44.5% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.27 (%).Trend:Decrease 30.84% than previous quarter

Overall: decreasing (-61.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 128.47 (%).Trend:Increase 171.95% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 68.93 (%).Trend:Decrease 46.35% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 44.41 (%).Trend:Decrease 35.57% than previous quarter

Overall: decreasing (-65.43%). 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 32.38 (%).Trend:Increase 415.61% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 19.44 (%).Trend:Decrease 39.96% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 13.65 (%).Trend:Decrease 29.78% than previous quarter

Overall: decreasing (-57.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.53 (%).Trend:Decrease 2.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.93 (%).Trend:Increase 1.45% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.15 (%).Trend:Increase 4.37% than previous quarter

Overall: increasing (5.88%). 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 12.37 (%).Trend:Increase 87.42% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 14.28 (%).Trend:Increase 15.44% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 15.16 (%).Trend:Increase 6.16% than previous quarter

Overall: increasing (22.55%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.55 (USD).Trend:Decrease 61.27% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.07 (USD).Trend:Increase 94.55% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.27 (USD).Trend:Increase 18.69% than previous quarter

Overall: increasing (130.91%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 reveals critical issues with working capital and cost efficiency.  Liabilities and current assets on revenue are both trending downwards, indicating potential cash flow management challenges.  The ratio of retained earnings to revenue is also decreasing. The SG&A expense ratio has shown some slight increases. Investment efficiency, however, exhibits a moderate uptrend. Earnings per share are increasing, but with notable fluctuation. The overall picture paints a financial picture needing further analysis to identify possible mitigating strategies.