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 110.25 (%).Trend:Increase 189.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.97 (%).Trend:Decrease 56.49% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.21 (%).Trend:Decrease 28.68% than previous quarter

Overall: decreasing (-68.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 232.23 (%).Trend:Increase 214.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 113.71 (%).Trend:Decrease 51.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 78.33 (%).Trend:Decrease 31.11% than previous quarter

Overall: decreasing (-66.27%). 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 30.81 (%).Trend:Increase 1008.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 20.16 (%).Trend:Decrease 34.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 8.63 (%).Trend:Decrease 57.19% than previous quarter

Overall: decreasing (-71.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.86 (%).Trend:Decrease 1.81% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.01 (%).Trend:Increase 0.63% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.12 (%).Trend:Increase 0.46% than previous quarter

Overall: increasing (1.09%). 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 4.95 (%).Trend:Increase 272.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.49 (%).Trend:Increase 31.11% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.16 (%).Trend:Decrease 35.9% than previous quarter

Overall: decreasing (-15.96%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.1% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: increasing (100.0%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize the financial performance from Q1 2023 to Q3 2023.  Working capital efficiency metrics (liabilities and current assets on revenue) show overall decreases, indicating potential concerns. Cost efficiency, as measured by the ratio of retained earnings to revenue, also declined substantially.  However, the SG&A expense ratio remained relatively stable. Investment efficiency, represented by retained earnings on assets, shows a slight decrease.  Earnings per share, conversely, experienced a significant increase.