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 57.51 (%).Trend:Increase 178.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.63 (%).Trend:Decrease 55.43% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.98 (%).Trend:Decrease 33.75% than previous quarter

Overall: decreasing (-70.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 132.98 (%).Trend:Increase 198.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 63.18 (%).Trend:Decrease 52.49% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 40.22 (%).Trend:Decrease 36.34% than previous quarter

Overall: decreasing (-69.75%). 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 46.95 (%).Trend:Increase 233.93% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 23.04 (%).Trend:Decrease 50.93% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 16.29 (%).Trend:Decrease 29.3% than previous quarter

Overall: decreasing (-65.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.32 (%).Trend:Increase 23.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.69 (%).Trend:Decrease 5.11% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.89 (%).Trend:Increase 1.71% than previous quarter

Overall: decreasing (-3.49%). 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 8.22 (%).Trend:Increase 8.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 8.56 (%).Trend:Increase 4.14% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 9.26 (%).Trend:Increase 8.18% than previous quarter

Overall: increasing (12.65%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q1 to Q3 2023 show a concerning pattern of declining performance across several key metrics. Liabilities and current assets on revenue declined substantially, indicating potentially strained working capital.  Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased considerably during the same period, suggesting potential issues with profitability.  While the SG&A expense ratio experienced a small decrease, overall financial health appears vulnerable due to the substantial negative trends.  Conversely, investment efficiency remained reasonably stable with consistent growth in retained earnings on assets, the only metric showing a positive trajectory.