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 74.0 (%).Trend:Increase 281.64% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.62 (%).Trend:Decrease 55.92% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 37.05 (%).Trend:Increase 13.58% than previous quarter

Overall: decreasing (-49.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 266.13 (%).Trend:Increase 267.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 109.93 (%).Trend:Decrease 58.69% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 65.0 (%).Trend:Decrease 40.87% than previous quarter

Overall: decreasing (-75.58%). 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 87.56 (%).Trend:Increase 316.56% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 38.28 (%).Trend:Decrease 56.28% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 17.1 (%).Trend:Decrease 55.33% than previous quarter

Overall: decreasing (-80.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.04 (%).Trend:Increase 12.32% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.8 (%).Trend:Decrease 8.83% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.84 (%).Trend:Increase 0.31% than previous quarter

Overall: decreasing (-8.55%). 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 12.46 (%).Trend:Increase 19.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.91 (%).Trend:Increase 3.61% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 9.07 (%).Trend:Decrease 29.74% than previous quarter

Overall: decreasing (-27.21%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 36.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: stable (0.0%). Fluctuation: **Little** (low variation).



Financial performance from Q1 2023 to Q3 2023 reveals a complex picture.  Working capital efficiency metrics, liabilities and current assets on revenue, are declining significantly with large fluctuations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is decreasing sharply with high volatility, suggesting instability in operations. The selling, general, and administrative (SG&A) expense ratio is decreasing, but with low variation, implying relative stability in operating costs. Investment efficiency, represented by retained earnings on assets, is also decreasing, exhibiting moderate fluctuations. Earnings per share remain stable, indicating minimal change in profitability. The data suggests a need for thorough financial analysis and strategic adjustments to address the negative trends.