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 60.92 (%).Trend:Increase 192.88% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 29.97 (%).Trend:Decrease 50.8% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20.23 (%).Trend:Decrease 32.5% than previous quarter

Overall: decreasing (-66.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 266.27 (%).Trend:Increase 236.41% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 121.41 (%).Trend:Decrease 54.4% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 78.94 (%).Trend:Decrease 34.98% than previous quarter

Overall: decreasing (-70.35%). 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 -33.43 (%).Trend:Increase 735.75% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -19.85 (%).Trend:Decrease 40.62% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -16.96 (%).Trend:Decrease 14.56% than previous quarter

Overall: increasing (-49.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.48 (%).Trend:Increase 7.96% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.88 (%).Trend:Decrease 4.81% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.39 (%).Trend:Increase 4.29% than previous quarter

Overall: decreasing (-0.72%). 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 -7.78 (%).Trend:Increase 137.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -9.7 (%).Trend:Increase 24.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -12.52 (%).Trend:Increase 29.07% than previous quarter

Overall: decreasing (60.93%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q1 2023 to Q3 2023 show a mixed financial picture.  Working capital efficiency metrics declined significantly, with liabilities on revenue decreasing substantially and current assets decreasing.  Cost efficiency shows a very volatile ratio of retained earnings to revenue, with a slight overall decrease in the SG&A expense ratio.  Investment efficiency displays a clear, consistent decline in retained earnings on assets across the quarters.  The significant fluctuations in many metrics warrant further investigation into underlying causes and potential corrective actions.