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 929.08 (%).Trend:Increase 82.13% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 543.93 (%).Trend:Decrease 41.45% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 380.78 (%).Trend:Decrease 29.99% than previous quarter

Overall: decreasing (-59.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 900.67 (%).Trend:Increase 74.35% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 536.14 (%).Trend:Decrease 40.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 380.65 (%).Trend:Decrease 29.0% than previous quarter

Overall: decreasing (-57.74%). 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 499.07 (%).Trend:Increase 201.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 247.87 (%).Trend:Decrease 50.33% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 161.5 (%).Trend:Decrease 34.84% than previous quarter

Overall: decreasing (-67.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.98 (%).Trend:Increase 1.23% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.24 (%).Trend:Increase 1.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.17 (%).Trend:Decrease 0.36% than previous quarter

Overall: increasing (1.0%). 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 45.38 (%).Trend:Increase 59.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.18 (%).Trend:Decrease 13.66% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 36.5 (%).Trend:Decrease 6.84% than previous quarter

Overall: decreasing (-19.57%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.88 (USD).Trend:Decrease 66.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.84 (USD).Trend:Increase 104.26% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.36 (USD).Trend:Increase 65.63% than previous quarter

Overall: increasing (238.3%). Fluctuation: **Significant** (high variation).



The analysis covers Q1-Q3 2023, examining Working Capital, Cost, and Investment Efficiency. Liabilities on Revenue decreased overall by -59.02% with significant fluctuation, while Current Assets on Revenue decreased by -57.74% also with significant fluctuation. The Ratio of Retained Earnings to Revenue showed a substantial decrease of -67.64% with significant fluctuation. SG&A Expense Ratio increased slightly by 1.0% with little fluctuation. Retained Earnings on Assets decreased by -19.57% with neutral fluctuation. Finally, Earnings Per Share increased significantly by 238.3% but exhibited significant fluctuation. These trends suggest potential challenges in working capital management and retained earnings, alongside volatile earnings performance.