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 180.06 (%).Trend:Increase 198.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 86.54 (%).Trend:Decrease 51.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 54.0 (%).Trend:Decrease 37.6% than previous quarter

Overall: decreasing (-70.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 168.09 (%).Trend:Increase 195.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 82.84 (%).Trend:Decrease 50.72% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 55.1 (%).Trend:Decrease 33.49% than previous quarter

Overall: decreasing (-67.22%). 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 471.76 (%).Trend:Increase 209.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 236.87 (%).Trend:Decrease 49.79% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 162.19 (%).Trend:Decrease 31.53% than previous quarter

Overall: decreasing (-65.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.76 (%).Trend:Increase 2.51% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.2 (%).Trend:Decrease 1.61% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.03 (%).Trend:Decrease 0.5% than previous quarter

Overall: decreasing (-2.1%). 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 43.6 (%).Trend:Increase 5.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.98 (%).Trend:Increase 3.17% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 46.4 (%).Trend:Increase 3.16% than previous quarter

Overall: increasing (6.42%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q1 2023 to Q3 2023 reveals substantial decreases in working capital efficiency and cost efficiency. Liabilities on revenue, and current assets on revenue, declined significantly, with high variation. The ratio of retained earnings to revenue also decreased considerably, exhibiting substantial volatility across the three quarters.  In contrast, selling, general, and administrative (SG&A) expense ratios remained relatively stable, with little variation.  Investment efficiency, measured by retained earnings on assets, showed a positive upward trend.  Overall, the data indicate a need for deeper analysis to understand the factors influencing these trends and their financial implications.