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 74.5 (%).Trend:Increase 208.87% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.54 (%).Trend:Decrease 49.61% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.08 (%).Trend:Decrease 41.18% than previous quarter

Overall: decreasing (-70.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 177.57 (%).Trend:Increase 229.44% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 92.15 (%).Trend:Decrease 48.1% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 59.89 (%).Trend:Decrease 35.01% than previous quarter

Overall: decreasing (-66.27%). 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 68.45 (%).Trend:Increase 211.14% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 43.02 (%).Trend:Decrease 37.15% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 31.19 (%).Trend:Decrease 27.5% than previous quarter

Overall: decreasing (-54.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 14.8 (%).Trend:Increase 5.94% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 18.32 (%).Trend:Increase 23.78% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 20.09 (%).Trend:Increase 9.66% than previous quarter

Overall: increasing (35.74%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis from Q1 2023 to Q3 2023 shows a pattern of decreasing trends in working capital efficiency, liabilities on revenue, and cost efficiency, reflected by the ratio of retained earnings to revenue, and current assets on revenue. These decreases are accompanied by significant variation.  Investment efficiency, on the other hand, exhibits a notable, but neutral, upward trend.  The data highlights a period of significant change, warranting further analysis to understand the underlying causes and potential implications.