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 105.69 (%).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 51.34 (%).Trend:Decrease 51.42% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.46 (%).Trend:Decrease 32.88% than previous quarter

Overall: decreasing (-67.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 253.71 (%).Trend:Increase 173.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 120.28 (%).Trend:Decrease 52.59% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 79.18 (%).Trend:Decrease 34.17% than previous quarter

Overall: decreasing (-68.79%). 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 -292.62 (%).Trend:Increase 186.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -139.35 (%).Trend:Decrease 52.38% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -89.43 (%).Trend:Decrease 35.82% than previous quarter

Overall: increasing (-69.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.62 (%).Trend:Decrease 1.81% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.46 (%).Trend:Decrease 5.63% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.13 (%).Trend:Decrease 1.7% than previous quarter

Overall: decreasing (-7.23%). 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 -43.56 (%).Trend:Increase 3.03% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -43.58 (%).Trend:Increase 0.05% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -42.91 (%).Trend:Decrease 1.54% than previous quarter

Overall: increasing (-1.49%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency is decreasing significantly (both liabilities and current assets on revenue) with large fluctuations from Q1 to Q3 2023. Cost efficiency, as measured by the retained earnings to revenue ratio, increases overall with substantial variations throughout the period. Selling, General & Administrative (SG&A) expenses are decreasing steadily, with low fluctuations.  Investment efficiency shows a slight overall decrease with substantial variability.