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 134.98 (%).Trend:Increase 254.65% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 69.44 (%).Trend:Decrease 48.56% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 43.2 (%).Trend:Decrease 37.79% than previous quarter

Overall: decreasing (-68.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 226.01 (%).Trend:Increase 25.49% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 110.69 (%).Trend:Decrease 51.02% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 70.33 (%).Trend:Decrease 36.46% than previous quarter

Overall: decreasing (-68.88%). 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 395.69 (%).Trend:Increase 173.85% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 202.43 (%).Trend:Decrease 48.84% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 147.03 (%).Trend:Decrease 27.37% than previous quarter

Overall: decreasing (-62.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.99 (%).Trend:Increase 31.79% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.9 (%).Trend:Decrease 0.9% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.59 (%).Trend:Decrease 3.13% than previous quarter

Overall: decreasing (-4.0%). 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 43.27 (%).Trend:Decrease 12.76% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.57 (%).Trend:Increase 3.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 48.19 (%).Trend:Increase 8.12% than previous quarter

Overall: increasing (11.37%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q1 to Q3 2023 reveals a significant decrease in working capital efficiency, with liabilities and current assets on revenue declining substantially.  The ratio of retained earnings to revenue also exhibits a considerable downward trend.  Conversely, the selling, general, and administrative (SG&A) expense ratio displays a smaller, more stable decline, while retained earnings on assets show a modest increase.  Data shows high variability in most metrics except SG&A.