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 31.76 (%).Trend:Increase 129.48% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 19.01 (%).Trend:Decrease 40.14% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 13.88 (%).Trend:Decrease 26.99% than previous quarter

Overall: decreasing (-56.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 271.72 (%).Trend:Increase 217.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 148.18 (%).Trend:Decrease 45.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 102.05 (%).Trend:Decrease 31.13% than previous quarter

Overall: decreasing (-62.44%). 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 262.85 (%).Trend:Increase 221.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 140.37 (%).Trend:Decrease 46.6% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 94.68 (%).Trend:Decrease 32.55% than previous quarter

Overall: decreasing (-63.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.76 (%).Trend:Decrease 1.43% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.88 (%).Trend:Increase 8.14% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.94 (%).Trend:Increase 0.4% than previous quarter

Overall: increasing (8.58%). 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 61.29 (%).Trend:Increase 4.54% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 60.97 (%).Trend:Decrease 0.52% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 61.03 (%).Trend:Increase 0.1% than previous quarter

Overall: decreasing (-0.42%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q1 2023 to Q3 2023 reveals a negative trend in working capital efficiency. Liabilities on revenue decreased overall, exhibiting significant quarterly volatility. Current assets on revenue also decreased significantly with notable fluctuations. Cost efficiency, measured by the ratio of retained earnings to revenue, declined considerably, with significant quarterly variations. Selling, general, and administrative (SG&A) expense ratios show a small overall increase with limited fluctuation. Investment efficiency remained largely stable, with a slight decrease overall and limited fluctuation.