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 68.82 (%).Trend:Increase 118.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.53 (%).Trend:Decrease 36.75% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 36.25 (%).Trend:Decrease 16.72% than previous quarter

Overall: decreasing (-47.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 183.77 (%).Trend:Increase 128.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 91.57 (%).Trend:Decrease 50.17% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 66.46 (%).Trend:Decrease 27.42% than previous quarter

Overall: decreasing (-63.84%). 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 57.7 (%).Trend:Increase 244.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 27.35 (%).Trend:Decrease 52.6% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 19.42 (%).Trend:Decrease 28.99% than previous quarter

Overall: decreasing (-66.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.21 (%).Trend:Increase 33.4% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.81 (%).Trend:Decrease 1.98% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.65 (%).Trend:Decrease 5.86% than previous quarter

Overall: decreasing (-7.72%). 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 21.98 (%).Trend:Increase 22.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.13 (%).Trend:Decrease 3.87% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 21.47 (%).Trend:Increase 1.61% than previous quarter

Overall: decreasing (-2.32%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q1 2023 to Q3 2023 reveals decreasing trends. Liabilities and current assets on revenue are decreasing significantly, indicating potential financial contraction.  The ratio of retained earnings to revenue is also decreasing sharply. However, the SG&A expense ratio is decreasing moderately. Investment efficiency is also decreasing slightly.