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 153.17 (%).Trend:Increase 328.45% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 100.07 (%).Trend:Decrease 34.67% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 51.24 (%).Trend:Decrease 48.8% than previous quarter

Overall: decreasing (-66.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 203.91 (%).Trend:Increase 299.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 106.48 (%).Trend:Decrease 47.78% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 59.1 (%).Trend:Decrease 44.5% than previous quarter

Overall: decreasing (-71.02%). 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 8.35 (%).Trend:Increase 23.7% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -2.25 (%).Trend:Decrease 126.95% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 4.35 (%).Trend:Decrease 293.33% than previous quarter

Overall: decreasing (-47.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 51.08 (%).Trend:Increase 29.74% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.05 (%).Trend:Decrease 11.81% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.14 (%).Trend:Decrease 4.24% than previous quarter

Overall: decreasing (-15.54%). 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 1.43 (%).Trend:Decrease 68.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.87 (%).Trend:Decrease 160.84% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 2.7 (%).Trend:Decrease 410.34% than previous quarter

Overall: increasing (88.81%). Fluctuation: **Significant** (high variation).

Earning Per Share


The Q1 2023 to Q3 2023 financial data highlights substantial variability in key metrics.  Working capital efficiency is weak, with both liabilities and current assets on revenue decreasing significantly (-66.55% and -71.02% respectively).  Profitability is a significant issue, as the ratio of retained earnings to revenue dropped sharply (-47.9%).  Although SG&A expenses decreased, the overall trend indicates potential cost management challenges.  Retained earnings on assets surprisingly increased (88.81%), but with high volatility.