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 72.78 (%).Trend:Increase 199.01% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.5 (%).Trend:Decrease 51.22% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.71 (%).Trend:Decrease 30.39% than previous quarter

Overall: decreasing (-66.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 226.8 (%).Trend:Increase 191.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.01 (%).Trend:Decrease 48.85% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 81.16 (%).Trend:Decrease 30.04% than previous quarter

Overall: decreasing (-64.22%). 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 256.43 (%).Trend:Increase 179.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 126.55 (%).Trend:Decrease 50.65% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 84.8 (%).Trend:Decrease 32.99% than previous quarter

Overall: decreasing (-66.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.74 (%).Trend:Increase 1.11% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.2 (%).Trend:Decrease 2.27% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.83 (%).Trend:Decrease 1.59% than previous quarter

Overall: decreasing (-3.83%). 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 64.41 (%).Trend:Decrease 3.71% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 64.3 (%).Trend:Decrease 0.17% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 64.07 (%).Trend:Decrease 0.36% than previous quarter

Overall: decreasing (-0.53%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance during Q1 2023 to Q3 2023 shows significant fluctuations across key metrics.  Working capital efficiency declined substantially, with liabilities and current assets on revenue decreasing significantly.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, also experienced a considerable decrease. However, Selling, General, and Administrative (SG&A) expense ratios show a more stable decline.  Investment efficiency, as measured by retained earnings on assets, exhibited minimal fluctuation. Overall, significant volatility is evident in most financial indicators, indicating potential instability or strategic adjustments.