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 69.03 (%).Trend:Increase 41.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.91 (%).Trend:Decrease 32.04% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.25 (%).Trend:Decrease 44.04% than previous quarter

Overall: decreasing (-61.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 263.06 (%).Trend:Increase 162.61% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 128.06 (%).Trend:Decrease 51.32% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 81.73 (%).Trend:Decrease 36.18% than previous quarter

Overall: decreasing (-68.93%). 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 85.01 (%).Trend:Increase 221.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.56 (%).Trend:Decrease 56.99% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 25.89 (%).Trend:Decrease 29.18% than previous quarter

Overall: decreasing (-69.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.27 (%).Trend:Increase 3.67% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.03 (%).Trend:Decrease 6.35% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.32 (%).Trend:Decrease 2.15% than previous quarter

Overall: decreasing (-8.36%). 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 12.21 (%).Trend:Increase 16.06% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.96 (%).Trend:Decrease 10.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.92 (%).Trend:Increase 8.76% than previous quarter

Overall: decreasing (-2.38%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.39 (USD).Trend:Decrease 40.91% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.04 (USD).Trend:Increase 166.67% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.69 (USD).Trend:Increase 62.5% than previous quarter

Overall: increasing (333.33%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2023 to Q3 2023, liabilities on revenue decreased significantly (-61.97%), exhibiting high variation. Similarly, current assets on revenue also decreased significantly (-68.93%) with high variation.  The ratio of retained earnings to revenue decreased significantly (-69.54%) with significant fluctuation. SG&A expense ratio decreased slightly (-8.36%) with low variation.  Retained earnings on assets slightly decreased (-2.38%) with low variation. Earnings per share increased dramatically (333.33%), showing significant fluctuation.