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 64.93 (%).Trend:Increase 156.64% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.73 (%).Trend:Decrease 41.89% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.42 (%).Trend:Decrease 32.63% than previous quarter

Overall: decreasing (-60.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 482.71 (%).Trend:Increase 228.51% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 267.95 (%).Trend:Decrease 44.49% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 174.49 (%).Trend:Decrease 34.88% than previous quarter

Overall: decreasing (-63.85%). 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 705.47 (%).Trend:Increase 188.16% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 364.92 (%).Trend:Decrease 48.27% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 237.29 (%).Trend:Decrease 34.97% than previous quarter

Overall: decreasing (-66.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.76 (%).Trend:Decrease 1.43% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.88 (%).Trend:Increase 8.14% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.94 (%).Trend:Increase 0.4% than previous quarter

Overall: increasing (8.58%). 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 48.88 (%).Trend:Decrease 7.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 48.39 (%).Trend:Decrease 1.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 49.13 (%).Trend:Increase 1.53% than previous quarter

Overall: increasing (0.51%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 2023 to Q3 2023 reveal a concerning trend of decreasing working capital efficiency, reflected in liabilities and current assets on revenue.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also declined significantly.  The SG&A expense ratio showed a relatively stable increase.  Investment efficiency, gauged by retained earnings on assets, showed a minor increase overall. The data indicates a significant deterioration in financial performance, particularly in working capital and cost efficiency, while SG&A expense and investment efficiency remain relatively stable.