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 58.23 (%).Trend:Increase 252.48% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.49 (%).Trend:Decrease 54.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.86 (%).Trend:Decrease 6.15% than previous quarter

Overall: decreasing (-57.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 163.88 (%).Trend:Increase 418.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.68 (%).Trend:Decrease 51.38% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 61.72 (%).Trend:Decrease 22.54% than previous quarter

Overall: decreasing (-62.34%). 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 -41.64 (%).Trend:Increase 180.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -18.33 (%).Trend:Decrease 55.98% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 8.61 (%).Trend:Decrease 146.97% than previous quarter

Overall: increasing (-120.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.31 (%).Trend:Increase 5.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.87 (%).Trend:Increase 2.51% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.94 (%).Trend:Increase 4.68% than previous quarter

Overall: increasing (7.31%). 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 -7.72 (%).Trend:Decrease 4.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -6.93 (%).Trend:Decrease 10.23% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.59 (%).Trend:Decrease 166.23% than previous quarter

Overall: increasing (-159.46%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 to Q3 2023 shows significant quarter-to-quarter fluctuations in working capital efficiency.  Liabilities on revenue decrease overall, but with large variations. Current assets on revenue also decrease significantly and variably.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows an overall increasing trend, but with significant fluctuations, while the SG&A expense ratio exhibits a consistent rise.  Investment efficiency, reflected in retained earnings on assets, displays a highly variable increasing trend with notable decreases.