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 268.51 (%).Trend:Increase 242.27% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 132.71 (%).Trend:Decrease 50.58% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 79.36 (%).Trend:Decrease 40.2% than previous quarter

Overall: decreasing (-70.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 275.41 (%).Trend:Increase 230.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 140.41 (%).Trend:Decrease 49.02% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 83.63 (%).Trend:Decrease 40.44% than previous quarter

Overall: decreasing (-69.63%). 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 99.92 (%).Trend:Increase 158.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 49.39 (%).Trend:Decrease 50.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 33.45 (%).Trend:Decrease 32.27% than previous quarter

Overall: decreasing (-66.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 7.96 (%).Trend:Decrease 6.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 7.94 (%).Trend:Decrease 0.25% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 8.36 (%).Trend:Increase 5.29% than previous quarter

Overall: increasing (5.03%). Fluctuation: **Little** (low variation).

Earning Per Share


The financial analysis of Q1 2023 to Q3 2023 reveals significant volatility in working capital efficiency, with both liabilities and current assets on revenue experiencing substantial decreases.  Cost efficiency, as indicated by the ratio of retained earnings to revenue, also fell dramatically. However, the investment efficiency metric, retained earnings on assets, exhibited a small but positive upward trend. This data suggests a need for further investigation into the underlying causes of the significant fluctuations in key performance indicators.