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 58.23 (%).Trend:Increase 252.48% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.49 (%).Trend:Decrease 54.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.86 (%).Trend:Decrease 6.15% than previous quarter

Overall: decreasing (-57.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 163.88 (%).Trend:Increase 418.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.68 (%).Trend:Decrease 51.38% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 61.72 (%).Trend:Decrease 22.54% than previous quarter

Overall: decreasing (-62.34%). 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 -41.64 (%).Trend:Increase 180.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -18.33 (%).Trend:Decrease 55.98% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 8.61 (%).Trend:Decrease 146.97% than previous quarter

Overall: increasing (-120.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.31 (%).Trend:Increase 5.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.87 (%).Trend:Increase 2.51% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.94 (%).Trend:Increase 4.68% than previous quarter

Overall: increasing (7.31%). 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 -7.72 (%).Trend:Decrease 4.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -6.93 (%).Trend:Decrease 10.23% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.59 (%).Trend:Decrease 166.23% than previous quarter

Overall: increasing (-159.46%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 to Q3 2023 indicates significant volatility in key metrics. Working capital efficiency metrics, like liabilities and current assets on revenue, show substantial and negative variations. Cost efficiency, measured by the ratio of retained earnings to revenue, is highly volatile, while the SG&A expense ratio is consistently increasing, although with minimal fluctuation.  Investment efficiency, as shown by retained earnings on assets, demonstrates volatility, and an overall increase, but with significant decreases in individual quarters.