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 74.89 (%).Trend:Increase 168.9% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.64 (%).Trend:Decrease 45.73% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.52 (%).Trend:Decrease 27.36% than previous quarter

Overall: decreasing (-60.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 158.83 (%).Trend:Increase 196.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 72.86 (%).Trend:Decrease 54.13% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 50.42 (%).Trend:Decrease 30.8% than previous quarter

Overall: decreasing (-68.26%). 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 286.1 (%).Trend:Increase 206.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 151.09 (%).Trend:Decrease 47.19% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 107.27 (%).Trend:Decrease 29.0% than previous quarter

Overall: decreasing (-62.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.04 (%).Trend:Decrease 5.28% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.99 (%).Trend:Decrease 0.5% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.27 (%).Trend:Increase 2.8% than previous quarter

Overall: increasing (2.29%). 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 18.51 (%).Trend:Increase 13.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 19.86 (%).Trend:Increase 7.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 20.85 (%).Trend:Increase 4.98% than previous quarter

Overall: increasing (12.64%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.9 (USD).Trend:Decrease 45.24% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.83 (USD).Trend:Increase 101.58% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.59 (USD).Trend:Increase 45.95% than previous quarter

Overall: increasing (194.21%). Fluctuation: **Significant** (high variation).



From Q1 2023 to Q3 2023,  key working capital efficiency metrics (liabilities on revenue and current assets on revenue) decreased significantly, exhibiting high variation.  Similarly, the ratio of retained earnings to revenue also decreased considerably.  However, the SG&A expense ratio showed a small increase with little fluctuation. Retained earnings on assets increased steadily with low variation, while earnings per share increased substantially, with high variation.