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 1701.34 (%).Trend:Increase 236.45% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 946.18 (%).Trend:Decrease 44.39% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 674.34 (%).Trend:Decrease 28.73% than previous quarter

Overall: decreasing (-60.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 889.26 (%).Trend:Increase 284.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 468.4 (%).Trend:Decrease 47.33% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 297.88 (%).Trend:Decrease 36.4% than previous quarter

Overall: decreasing (-66.5%). 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 -7334.9 (%).Trend:Increase 260.22% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -3873.26 (%).Trend:Decrease 47.19% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -3061.11 (%).Trend:Decrease 20.97% than previous quarter

Overall: increasing (-58.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 130.87 (%).Trend:Increase 19.84% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 140.62 (%).Trend:Increase 7.45% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 153.7 (%).Trend:Increase 9.3% than previous quarter

Overall: increasing (17.44%). 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 -27.98 (%).Trend:Increase 4.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.57 (%).Trend:Increase 2.11% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -29.9 (%).Trend:Increase 4.66% than previous quarter

Overall: decreasing (6.86%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.97 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.02 (USD).Trend:Increase 108.25% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.63 (USD).Trend:Increase 30.2% than previous quarter

Overall: increasing (171.13%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 shows significant volatility across various financial metrics. Liabilities on revenue and current assets on revenue both decreased significantly, indicating improvement in working capital efficiency, despite substantial fluctuations throughout the period.  Cost efficiency shows a complex pattern with the ratio of retained earnings to revenue increasing overall while fluctuating wildly, and a steady rise in the Selling, General & Administrative (SG&A) expense ratio. Investment efficiency shows a consistent decline in retained earnings on assets, but with significant fluctuation. Earning per share increased significantly throughout the period.