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 72.89 (%).Trend:Increase 190.98% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.93 (%).Trend:Decrease 49.33% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.56 (%).Trend:Decrease 33.5% than previous quarter

Overall: decreasing (-66.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 214.01 (%).Trend:Increase 234.44% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 117.19 (%).Trend:Decrease 45.24% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 75.39 (%).Trend:Decrease 35.67% than previous quarter

Overall: decreasing (-64.77%). 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 395.64 (%).Trend:Increase 202.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 197.59 (%).Trend:Decrease 50.06% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 131.83 (%).Trend:Decrease 33.28% than previous quarter

Overall: decreasing (-66.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.41 (%).Trend:Decrease 0.15% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.41 (%).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.42 (%).Trend:Increase 0.05% than previous quarter

Overall: increasing (0.05%). 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 72.62 (%).Trend:Increase 2.35% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 58.72 (%).Trend:Decrease 19.14% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 60.89 (%).Trend:Increase 3.7% than previous quarter

Overall: decreasing (-16.15%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.44 (USD).Trend:Decrease 64.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.97 (USD).Trend:Increase 106.25% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.55 (USD).Trend:Increase 53.2% than previous quarter

Overall: increasing (215.97%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 indicates substantial decreases in key working capital and cost efficiency ratios (Liabilities on Revenue, Current Assets on Revenue, and Ratio of Retained Earnings to Revenue), all marked by significant fluctuations.  Conversely, SG&A expenses remained relatively stable. Retained Earnings on Assets decreased moderately, while Earnings Per Share showed a dramatic increase, highlighting volatility.