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 58.6 (%).Trend:Increase 197.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.58 (%).Trend:Decrease 52.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.52 (%).Trend:Decrease 32.85% than previous quarter

Overall: decreasing (-68.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 135.59 (%).Trend:Increase 247.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.74 (%).Trend:Decrease 50.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 44.42 (%).Trend:Decrease 34.43% than previous quarter

Overall: decreasing (-67.24%). 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 176.63 (%).Trend:Increase 230.83% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 88.07 (%).Trend:Decrease 50.14% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 49.77 (%).Trend:Decrease 43.49% than previous quarter

Overall: decreasing (-71.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.06 (%).Trend:Increase 6.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.49 (%).Trend:Decrease 3.34% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.49 (%).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-3.34%). 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 32.11 (%).Trend:Increase 2.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 32.28 (%).Trend:Increase 0.53% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.53 (%).Trend:Decrease 8.52% than previous quarter

Overall: decreasing (-8.03%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q1 to Q3 of 2023 reveals decreasing trends across working capital efficiency, cost efficiency, and investment efficiency metrics.  Liabilities and current assets on revenue show substantial declines, suggesting potential weakening in short-term financial health. Similarly, the ratio of retained earnings to revenue also decreases, pointing to issues in cost efficiency.  In contrast, the SG&A expense ratio and retained earnings on assets display more predictable downward trends, possibly indicating a controlled approach to investment efficiency.