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 77.81 (%).Trend:Increase 255.62% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.35 (%).Trend:Decrease 49.43% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.78 (%).Trend:Decrease 31.94% than previous quarter

Overall: decreasing (-65.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 124.61 (%).Trend:Increase 303.53% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 61.97 (%).Trend:Decrease 50.27% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 40.26 (%).Trend:Decrease 35.03% than previous quarter

Overall: decreasing (-67.69%). 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 127.67 (%).Trend:Increase 359.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 69.8 (%).Trend:Decrease 45.33% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 48.97 (%).Trend:Decrease 29.84% than previous quarter

Overall: decreasing (-61.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.06 (%).Trend:Increase 51.5% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.01 (%).Trend:Decrease 0.83% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.82 (%).Trend:Decrease 3.16% than previous quarter

Overall: decreasing (-3.96%). 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 29.04 (%).Trend:Increase 16.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 31.13 (%).Trend:Increase 7.2% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 32.7 (%).Trend:Increase 5.04% than previous quarter

Overall: increasing (12.6%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.19 (USD).Trend:Decrease 84.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.35 (USD).Trend:Increase 97.48% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.19 (USD).Trend:Increase 35.74% than previous quarter

Overall: increasing (168.07%). Fluctuation: **Significant** (high variation).



Q1-Q3 2023 financial performance demonstrates significant fluctuations.  Working capital efficiency, measured by liabilities and current assets, has decreased considerably. Cost efficiency, specifically the ratio of retained earnings to revenue, also declined sharply.  SG&A expense ratio shows a slight decrease, and investment efficiency displays a modest increase. Earnings per share saw substantial growth overall, but significant quarter-to-quarter changes are present.  These results necessitate a detailed investigation to identify the factors influencing these substantial and variable trends.