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 58.14 (%).Trend:Increase 212.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 29.8 (%).Trend:Decrease 48.74% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.0 (%).Trend:Decrease 46.31% than previous quarter

Overall: decreasing (-72.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 154.7 (%).Trend:Increase 235.5% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.03 (%).Trend:Decrease 48.91% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 49.52 (%).Trend:Decrease 37.34% than previous quarter

Overall: decreasing (-67.99%). 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 216.01 (%).Trend:Increase 256.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 111.37 (%).Trend:Decrease 48.44% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 76.54 (%).Trend:Decrease 31.27% than previous quarter

Overall: decreasing (-64.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.88 (%).Trend:Increase 22.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.03 (%).Trend:Increase 3.87% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.05 (%).Trend:Increase 0.5% than previous quarter

Overall: increasing (4.38%). 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 69.25 (%).Trend:Increase 3.19% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 69.8 (%).Trend:Increase 0.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 73.35 (%).Trend:Increase 5.09% than previous quarter

Overall: increasing (5.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -13.0 (USD).Trend:Decrease 104.23% than previous quarter
Year 2023 Quarter 2: Earning Per Share 31.0 (USD).Trend:Decrease 338.46% than previous quarter
Year 2023 Quarter 3: Earning Per Share 139.0 (USD).Trend:Increase 348.39% than previous quarter

Overall: increasing (-1169.23%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2023 to Q3 2023, working capital efficiency shows a decrease in both liabilities on revenue (-72.48%) and current assets on revenue (-67.99%).  Cost efficiency, measured by the ratio of retained earnings to revenue, experienced a decrease of -64.57%, with substantial variations.  Selling, general, and administrative (SG&A) expenses increased by 4.38%, while investment efficiency, as measured by retained earnings on assets, showed a moderate increase of 5.92%.  Earnings per share, however, increased, but from a negative base; the overall trend demonstrates volatility.