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 displays significant declines in working capital and cost efficiency, notable quarterly fluctuations in liabilities and current assets, and retained earnings on revenue.  The ratio of retained earnings to revenue demonstrated significant variation and a downward trend. SG&A expense ratios exhibited little variation, suggesting consistent cost management in this area.  Investment efficiency remained positive, with consistent growth in retained earnings on assets.  The data strongly suggests that a deeper analysis into operational performance is necessary to fully understand the drivers behind the observed financial trends.