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 65.13 (%).Trend:Increase 167.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.88 (%).Trend:Decrease 55.66% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.01 (%).Trend:Decrease 16.86% than previous quarter

Overall: decreasing (-63.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 82.41 (%).Trend:Increase 180.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 37.6 (%).Trend:Decrease 54.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 29.84 (%).Trend:Decrease 20.64% than previous quarter

Overall: decreasing (-63.79%). 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 3.91 (%).Trend:Decrease 249.81% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 4.44 (%).Trend:Increase 13.55% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 4.31 (%).Trend:Decrease 2.93% than previous quarter

Overall: increasing (10.23%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 0.64 (%).Trend:Decrease 151.61% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 1.45 (%).Trend:Increase 126.56% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 2.09 (%).Trend:Increase 44.14% than previous quarter

Overall: increasing (226.56%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.19 (USD).Trend:Decrease 78.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.39 (USD).Trend:Increase 105.26% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.56 (USD).Trend:Increase 43.59% than previous quarter

Overall: increasing (194.74%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 reveals mixed results.  Working capital efficiency, with both liabilities and current assets on revenue, shows a substantial decrease overall, highlighting fluctuations.  Cost efficiency, measured by the ratio of retained earnings to revenue, indicates a small overall increase, exhibiting little fluctuation. Investment efficiency (retained earnings on assets) and earnings per share show overall increases but significant quarter-to-quarter variation.