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 90.41 (%).Trend:Increase 182.88% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.1 (%).Trend:Decrease 60.07% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.17 (%).Trend:Decrease 30.28% than previous quarter

Overall: decreasing (-72.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 284.75 (%).Trend:Increase 226.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 137.2 (%).Trend:Decrease 51.82% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 133.82 (%).Trend:Decrease 2.46% than previous quarter

Overall: decreasing (-53.0%). 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 221.71 (%).Trend:Increase 242.89% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 114.89 (%).Trend:Decrease 48.18% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 76.46 (%).Trend:Decrease 33.45% than previous quarter

Overall: decreasing (-65.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.02 (%).Trend:Increase 9.5% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.2 (%).Trend:Increase 1.38% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.28 (%).Trend:Increase 0.61% than previous quarter

Overall: increasing (2.0%). 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 46.91 (%).Trend:Increase 5.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 49.53 (%).Trend:Increase 5.59% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 38.34 (%).Trend:Decrease 22.59% than previous quarter

Overall: decreasing (-18.27%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis of the 2023 data reveals significant volatility in working capital and cost efficiency metrics.  Liabilities on revenue and current assets on revenue both declined substantially, but with large swings between quarters.  The ratio of retained earnings to revenue also decreased considerably, displaying notable quarter-to-quarter variations.  However, the selling, general, and administrative (SG&A) expense ratio showed a more stable increase.  Investment efficiency, as measured by retained earnings on assets, decreased with a moderate degree of fluctuation.