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 47.52 (%).Trend:Increase 215.12% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.77 (%).Trend:Decrease 54.19% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.26 (%).Trend:Decrease 25.31% than previous quarter

Overall: decreasing (-65.78%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 84.01 (%).Trend:Increase 214.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 37.45 (%).Trend:Decrease 55.42% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 27.31 (%).Trend:Decrease 27.08% than previous quarter

Overall: decreasing (-67.49%). 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 12.92 (%).Trend:Increase 287.99% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7.48 (%).Trend:Decrease 42.11% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 4.86 (%).Trend:Decrease 35.03% than previous quarter

Overall: decreasing (-62.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.85 (%).Trend:Decrease 3.02% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.54 (%).Trend:Decrease 8.05% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.58 (%).Trend:Increase 1.13% than previous quarter

Overall: decreasing (-7.01%). 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 3.77 (%).Trend:Increase 30.45% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.65 (%).Trend:Increase 23.34% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.47 (%).Trend:Decrease 3.87% than previous quarter

Overall: increasing (18.57%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


The Q1-Q3 2023 analysis indicates significant decreases in working capital efficiency metrics (liabilities and current assets on revenue).  Cost efficiency exhibits a notable decrease in the retained earnings-to-revenue ratio.  The SG&A expense ratio shows a consistent downward trend. Investment efficiency demonstrates a moderate increase in retained earnings on assets, indicating a neutral fluctuation.