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 574.89 (%).Trend:Increase 142.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 277.62 (%).Trend:Decrease 51.71% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 155.72 (%).Trend:Decrease 43.91% than previous quarter

Overall: decreasing (-72.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 862.48 (%).Trend:Increase 184.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 396.91 (%).Trend:Decrease 53.98% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 245.57 (%).Trend:Decrease 38.13% than previous quarter

Overall: decreasing (-71.53%). 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 -338.86 (%).Trend:Increase 123.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -129.46 (%).Trend:Decrease 61.8% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -95.01 (%).Trend:Decrease 26.61% than previous quarter

Overall: increasing (-71.96%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.4 (%).Trend:Increase 5.77% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.95 (%).Trend:Decrease 28.9% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.65 (%).Trend:Increase 15.53% than previous quarter

Overall: decreasing (-17.86%). Fluctuation: **Neutral** (moderate 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 -32.9 (%).Trend:Decrease 19.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.08 (%).Trend:Decrease 14.65% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -31.92 (%).Trend:Increase 13.68% than previous quarter

Overall: increasing (-2.98%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.49 (USD).Trend:Decrease 76.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.33 (USD).Trend:Increase 171.43% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.86 (USD).Trend:Increase 39.85% than previous quarter

Overall: increasing (279.59%). Fluctuation: **Significant** (high variation).



Analysis of financial statements from Q1 2023 to Q3 2023 reveals significant variations in key metrics. Working capital efficiency shows decreasing trends in both liabilities and current assets on revenue. Cost efficiency, indicated by the ratio of retained earnings to revenue, displays an overall increasing trend, yet significant quarter-to-quarter variations. SG&A expense ratio trends downward with moderate fluctuations. Investment efficiency demonstrates an increasing trend in retained earnings on assets with significant changes. Earnings per share, despite a decreasing trend overall, shows considerable quarter-to-quarter variations.