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 274.86 (%).Trend:Increase 229.02% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 135.82 (%).Trend:Decrease 50.59% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 85.72 (%).Trend:Decrease 36.89% than previous quarter

Overall: decreasing (-68.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 321.28 (%).Trend:Increase 211.26% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 155.51 (%).Trend:Decrease 51.6% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 92.53 (%).Trend:Decrease 40.5% than previous quarter

Overall: decreasing (-71.2%). 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 23.28 (%).Trend:Increase 557.63% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.08 (%).Trend:Increase 54.98% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 27.15 (%).Trend:Decrease 24.75% than previous quarter

Overall: increasing (16.62%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 3.58 (%).Trend:Increase 111.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.27 (%).Trend:Increase 186.87% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.76 (%).Trend:Increase 14.51% than previous quarter

Overall: increasing (228.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 14.94% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.86 (USD).Trend:Increase 691.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share 7.04 (USD).Trend:Increase 20.14% than previous quarter

Overall: increasing (851.35%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2023 reveals significant fluctuations across key metrics.  Working capital efficiency, measured by liabilities and current assets on revenue, displays a negative trend, decreasing from Q1 to Q3.  Cost efficiency, as measured by the ratio of retained earnings to revenue, demonstrates a neutral overall growth pattern. Invest efficiency, as shown by retained earnings on assets, demonstrates consistent growth but with significant fluctuations across quarters.  Earnings per share shows a notable increase, yet with considerable variation from quarter to quarter.  The analysis underscores considerable volatility in financial performance and calls for further investigation into underlying causes.