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 64.33 (%).Trend:Increase 193.61% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.39 (%).Trend:Decrease 48.1% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.06 (%).Trend:Decrease 30.94% than previous quarter

Overall: decreasing (-64.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 86.51 (%).Trend:Increase 178.62% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 45.44 (%).Trend:Decrease 47.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 30.87 (%).Trend:Decrease 32.06% than previous quarter

Overall: decreasing (-64.32%). 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 60.24 (%).Trend:Increase 180.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 31.66 (%).Trend:Decrease 47.44% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 16.7 (%).Trend:Decrease 47.25% than previous quarter

Overall: decreasing (-72.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 44.44 (%).Trend:Increase 0.2% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.41 (%).Trend:Increase 2.18% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.9 (%).Trend:Increase 1.08% than previous quarter

Overall: increasing (3.29%). 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 14.65 (%).Trend:Increase 1.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 14.76 (%).Trend:Increase 0.75% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.94 (%).Trend:Decrease 19.11% than previous quarter

Overall: decreasing (-18.5%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 64.06% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.3 (USD).Trend:Increase 30.43% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.64 (USD).Trend:Decrease 313.33% than previous quarter

Overall: decreasing (-378.26%). Fluctuation: **Significant** (high variation).



Financial data for Q1 to Q3 2023 shows a significant downward trend in most areas. Liabilities and current assets on revenue decreased significantly, indicating potential working capital issues. The ratio of retained earnings to revenue also declined markedly.  Conversely, Selling, General, and Administrative (SG&A) expense ratio showed a minor increase over the three-quarter period, which represents a relatively stable operational cost structure compared to other negative indicators. Investment efficiency (retained earnings on assets) also decreased over the period.  Earnings per share decreased drastically, which reflects a serious decline in profit margins.