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 94.84 (%).Trend:Increase 195.82% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.37 (%).Trend:Decrease 49.0% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.18 (%).Trend:Decrease 35.54% than previous quarter

Overall: decreasing (-67.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 161.07 (%).Trend:Increase 216.2% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 83.21 (%).Trend:Decrease 48.34% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 55.58 (%).Trend:Decrease 33.21% than previous quarter

Overall: decreasing (-65.49%). 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 42.41 (%).Trend:Increase 263.72% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 22.44 (%).Trend:Decrease 47.09% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 15.47 (%).Trend:Decrease 31.06% than previous quarter

Overall: decreasing (-63.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.75 (%).Trend:Increase 5.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.42 (%).Trend:Decrease 2.1% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.28 (%).Trend:Decrease 0.91% than previous quarter

Overall: decreasing (-2.98%). 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 10.27 (%).Trend:Increase 14.62% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.82 (%).Trend:Increase 5.36% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.27 (%).Trend:Increase 4.16% than previous quarter

Overall: increasing (9.74%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.39 (USD).Trend:Decrease 76.79% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 87.18% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.87 (USD).Trend:Increase 19.18% than previous quarter

Overall: increasing (123.08%). Fluctuation: **Significant** (high variation).



The Q1 2023 to Q3 2023 financial data reveals significant negative trends in working capital efficiency.  Liabilities on revenue and current assets on revenue both decreased significantly, pointing to problems with managing short-term assets and liabilities. Cost efficiency, as measured by the ratio of retained earnings to revenue, also showed a substantial downward trend, indicating a potential decline in profitability.  SG&A expense ratio showed little variation. In contrast, investment efficiency (retained earnings on assets) and earnings per share showed positive growth with substantial fluctuations.