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 78.18 (%).Trend:Increase 154.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.84 (%).Trend:Decrease 51.6% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.19 (%).Trend:Decrease 25.5% than previous quarter

Overall: decreasing (-63.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 195.57 (%).Trend:Increase 178.35% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 96.85 (%).Trend:Decrease 50.48% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 74.56 (%).Trend:Decrease 23.01% than previous quarter

Overall: decreasing (-61.88%). 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 154.35 (%).Trend:Increase 166.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 78.39 (%).Trend:Decrease 49.21% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 53.7 (%).Trend:Decrease 31.5% than previous quarter

Overall: decreasing (-65.21%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.52 (%).Trend:Increase 11.8% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.97 (%).Trend:Decrease 2.82% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.65 (%).Trend:Increase 8.86% than previous quarter

Overall: increasing (5.79%). 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 53.25 (%).Trend:Decrease 6.13% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.15 (%).Trend:Increase 1.69% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 50.03 (%).Trend:Decrease 7.61% than previous quarter

Overall: decreasing (-6.05%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 to Q3 2023 indicate considerable volatility in working capital efficiency. Liabilities and current assets on revenue decreased in Q3 after substantial increases in Q1. The ratio of retained earnings to revenue shows significant decreases throughout the three quarters.  SG&A expense ratio displays a small overall increase with low variation.  Investment efficiency shows a small overall decrease in retained earnings on assets.