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 89.27 (%).Trend:Increase 219.05% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.91 (%).Trend:Decrease 53.05% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.83 (%).Trend:Decrease 35.98% than previous quarter

Overall: decreasing (-69.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 139.33 (%).Trend:Increase 217.16% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 65.75 (%).Trend:Decrease 52.81% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 41.08 (%).Trend:Decrease 37.52% than previous quarter

Overall: decreasing (-70.52%). 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 66.97 (%).Trend:Increase 234.35% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 29.16 (%).Trend:Decrease 56.46% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 18.55 (%).Trend:Decrease 36.39% than previous quarter

Overall: decreasing (-72.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 46.76 (%).Trend:Increase 6.61% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 46.26 (%).Trend:Decrease 1.07% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.56 (%).Trend:Decrease 1.51% than previous quarter

Overall: decreasing (-2.57%). 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 22.52 (%).Trend:Increase 7.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 20.53 (%).Trend:Decrease 8.84% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 20.03 (%).Trend:Decrease 2.44% than previous quarter

Overall: decreasing (-11.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 89.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.98 (USD).Trend:Increase 157.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 104.08% than previous quarter

Overall: increasing (426.32%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2023 to Q3 2023 reveals a challenging financial picture with significant volatility. Working capital efficiency, measured by liabilities and current assets relative to revenue, decreased substantially.  Cost efficiency, measured by the retained earnings to revenue ratio, also declined significantly, showing considerable quarter-to-quarter fluctuation.  Selling, General & Administrative (SG&A) expense ratios show a slight decrease overall, with little variation. Investment efficiency, as measured by retained earnings on assets, exhibits a modest downward trend with minimal quarter-to-quarter changes. Earnings per share show a substantial increase overall.