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 41.7 (%).Trend:Increase 392.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 14.62 (%).Trend:Decrease 64.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 10.19 (%).Trend:Decrease 30.3% than previous quarter

Overall: decreasing (-75.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 485.79 (%).Trend:Increase 324.38% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 240.26 (%).Trend:Decrease 50.54% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 170.1 (%).Trend:Decrease 29.2% than previous quarter

Overall: decreasing (-64.98%). 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 633.73 (%).Trend:Increase 313.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 326.72 (%).Trend:Decrease 48.44% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 233.04 (%).Trend:Decrease 28.67% than previous quarter

Overall: decreasing (-63.23%). Fluctuation: **Significant** (high 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 97.1 (%).Trend:Increase 1.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 100.16 (%).Trend:Increase 3.15% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 100.39 (%).Trend:Increase 0.23% than previous quarter

Overall: increasing (3.39%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 11.25 (USD).Trend:Decrease 74.91% than previous quarter
Year 2023 Quarter 2: Earning Per Share 24.31 (USD).Trend:Increase 116.09% than previous quarter
Year 2023 Quarter 3: Earning Per Share 38.07 (USD).Trend:Increase 56.6% than previous quarter

Overall: increasing (238.4%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2023 reveals significant declines in working capital efficiency. Liabilities and current assets on revenue decreased over the three quarters with substantial variation. Cost efficiency (retained earnings to revenue) also decreased with substantial fluctuation.  Investment efficiency, however, shows a stable, slight increase in retained earnings on assets. Earnings per share demonstrate an overall increase, with significant fluctuations throughout the period.