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 60.59 (%).Trend:Increase 206.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.64 (%).Trend:Decrease 49.43% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.89 (%).Trend:Decrease 35.08% than previous quarter

Overall: decreasing (-67.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 170.59 (%).Trend:Increase 205.01% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 84.04 (%).Trend:Decrease 50.74% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 55.41 (%).Trend:Decrease 34.07% than previous quarter

Overall: decreasing (-67.52%). 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 221.6 (%).Trend:Increase 203.23% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 108.83 (%).Trend:Decrease 50.89% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 75.08 (%).Trend:Decrease 31.01% than previous quarter

Overall: decreasing (-66.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.37 (%).Trend:Increase 0.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.21 (%).Trend:Decrease 4.09% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.97 (%).Trend:Increase 2.79% than previous quarter

Overall: decreasing (-1.41%). 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 48.66 (%).Trend:Increase 4.78% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 49.19 (%).Trend:Increase 1.09% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 49.74 (%).Trend:Increase 1.12% than previous quarter

Overall: increasing (2.22%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.5 (USD).Trend:Decrease 36.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.18 (USD).Trend:Increase 136.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.7 (USD).Trend:Increase 44.07% than previous quarter

Overall: increasing (240.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency (liabilities and current assets on revenue) shows substantial decreases over the three quarters of 2023. The ratio of retained earnings to revenue also shows significant declines. SG&A expense ratio shows minimal changes (little fluctuation), while investment efficiency (retained earnings on assets) remains stable. Earning per share shows substantial growth over the three quarters, with increases after a decline.