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 87.47 (%).Trend:Increase 168.23% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.25 (%).Trend:Decrease 50.55% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.57 (%).Trend:Decrease 31.63% than previous quarter

Overall: decreasing (-66.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 114.85 (%).Trend:Increase 169.79% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.7 (%).Trend:Decrease 50.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 39.44 (%).Trend:Decrease 30.44% than previous quarter

Overall: decreasing (-65.66%). 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 165.46 (%).Trend:Increase 205.05% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 78.62 (%).Trend:Decrease 52.48% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 52.62 (%).Trend:Decrease 33.07% than previous quarter

Overall: decreasing (-68.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.34 (%).Trend:Increase 9.84% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.31 (%).Trend:Decrease 3.91% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.38 (%).Trend:Increase 0.28% than previous quarter

Overall: decreasing (-3.64%). 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 47.79 (%).Trend:Increase 6.56% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 48.1 (%).Trend:Increase 0.65% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 48.24 (%).Trend:Increase 0.29% than previous quarter

Overall: increasing (0.94%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.33 (USD).Trend:Decrease 88.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.97 (USD).Trend:Increase 193.94% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 3.09% than previous quarter

Overall: increasing (203.03%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2023 – Q3 2023 data reveals significant fluctuations.  Liabilities and current assets on revenue decreased overall.  The ratio of retained earnings to revenue also decreased significantly.   The SG&A expense ratio showed a slight overall decrease with low variation, while retained earnings on assets increased slightly.  Earnings per share demonstrated a substantial increase with high variability. Data errors and outliers have been removed.