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 59.73 (%).Trend:Increase 182.54% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.73 (%).Trend:Decrease 53.57% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.75 (%).Trend:Decrease 32.38% than previous quarter

Overall: decreasing (-68.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 100.55 (%).Trend:Increase 224.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 38.76 (%).Trend:Decrease 61.45% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 27.33 (%).Trend:Decrease 29.49% than previous quarter

Overall: decreasing (-72.82%). 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 83.89 (%).Trend:Increase 190.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 43.26 (%).Trend:Decrease 48.43% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 29.52 (%).Trend:Decrease 31.76% than previous quarter

Overall: decreasing (-64.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.72 (%).Trend:Increase 4.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.76 (%).Trend:Increase 0.34% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.93 (%).Trend:Increase 9.95% than previous quarter

Overall: increasing (10.32%). 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 24.75 (%).Trend:Increase 0.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.25 (%).Trend:Increase 10.1% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 27.28 (%).Trend:Increase 0.11% than previous quarter

Overall: increasing (10.22%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial review of Q1 2023 to Q3 2023 shows significant downward trends in working capital efficiency metrics.  Liabilities on revenue decreased by 68.61%, and current assets on revenue decreased by 72.82%, highlighting volatility.  Cost efficiency, measured by retained earnings to revenue, also saw a substantial decrease (-64.81%).  However, selling, general, and administrative (SG&A) expenses showed a more stable upward trend (10.32%).  Invest efficiency (retained earnings on assets) increased by 10.22% with minimal fluctuation.