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 143.25 (%).Trend:Increase 250.59% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 59.88 (%).Trend:Decrease 58.2% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 38.28 (%).Trend:Decrease 36.07% than previous quarter

Overall: decreasing (-73.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 111.35 (%).Trend:Increase 229.54% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 54.95 (%).Trend:Decrease 50.65% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.13 (%).Trend:Decrease 32.43% than previous quarter

Overall: decreasing (-66.65%). 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 217.43 (%).Trend:Increase 186.73% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 105.14 (%).Trend:Decrease 51.64% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 72.23 (%).Trend:Decrease 31.3% than previous quarter

Overall: decreasing (-66.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.53 (%).Trend:Increase 121.61% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.92 (%).Trend:Decrease 29.81% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.73 (%).Trend:Decrease 12.22% than previous quarter

Overall: decreasing (-38.39%). Fluctuation: **Neutral** (moderate 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 28.42 (%).Trend:Decrease 2.24% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.16 (%).Trend:Increase 2.6% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.93 (%).Trend:Increase 2.64% than previous quarter

Overall: increasing (5.31%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q1 to Q3 2023 shows a significant negative trend across most metrics. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decreased significantly.  The selling, general and administrative (SG&A) expense ratio decreased, though less dramatically, showing a neutral fluctuation.  In contrast, retained earnings on assets displayed a slight increase overall.  This suggests substantial downward pressure on working capital, cost, and revenue generation.