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 101.54 (%).Trend:Increase 239.49% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 66.95 (%).Trend:Decrease 34.07% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 45.09 (%).Trend:Decrease 32.65% than previous quarter

Overall: decreasing (-55.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 53.82 (%).Trend:Increase 249.93% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 29.92 (%).Trend:Decrease 44.41% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.12 (%).Trend:Decrease 32.75% than previous quarter

Overall: decreasing (-62.62%). 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 -25.27 (%).Trend:Increase 18.69% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -8.11 (%).Trend:Decrease 67.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -0.98 (%).Trend:Decrease 87.92% than previous quarter

Overall: increasing (-96.12%). 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 -4.33 (%).Trend:Decrease 73.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.05 (%).Trend:Decrease 52.66% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -0.39 (%).Trend:Decrease 80.98% than previous quarter

Overall: increasing (-90.99%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.99 (USD).Trend:Decrease 77.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.33 (USD).Trend:Increase 67.34% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.8 (USD).Trend:Increase 44.14% than previous quarter

Overall: increasing (141.21%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 shows considerable volatility across key performance indicators. Liabilities and current assets on revenue are both decreasing overall. Cost efficiency (retained earnings to revenue) demonstrates an increasing negative trend. Investment efficiency (retained earnings on assets) also follows a negative trend, decreasing significantly across the three quarters. Earnings per share, however, increased overall, though with substantial variation each quarter.