This denotes the number $11$ in base $4$. In everyday life, we write our numbers in base $10$.
$23_4$ is to be read as:
$$2\cdot 4 + 3.$$
In general,
$$(a_n...a_0) _ g = \sum_{i=0}^n a_i g^i = a_n g^n + a_{n-1}g^{n-1} + ... + a_1 g + a_0,$$
where the $a_i$ are chosen to lie in $\{0,...,g-1\}$.
EDIT: I have edited this post to write $2\cdot 4 +3$ rather than $3+2\cdot 4$.
However, I still think that it is easier to decipher a (long) number such as $(2010221021)_3$ from right to left, simply by increasing the powers of $3$, rather than first checking that the highest occuring power of $3$ is $3^9$ and then going from left to right.