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 63.67 (%).Trend:Increase 153.87% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.82 (%).Trend:Decrease 54.74% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.42 (%).Trend:Decrease 36.09% than previous quarter

Overall: decreasing (-71.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 80.02 (%).Trend:Increase 66.6% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.77 (%).Trend:Decrease 59.05% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 28.1 (%).Trend:Decrease 14.25% than previous quarter

Overall: decreasing (-64.88%). 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 99.34 (%).Trend:Increase 211.22% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 62.42 (%).Trend:Decrease 37.17% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 50.56 (%).Trend:Decrease 19.0% than previous quarter

Overall: decreasing (-49.1%). 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 28.0 (%).Trend:Increase 52.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.83 (%).Trend:Increase 24.39% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 40.52 (%).Trend:Increase 16.34% than previous quarter

Overall: increasing (44.71%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.32 (USD).Trend:Decrease 39.62% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.63 (USD).Trend:Increase 96.88% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.04 (USD).Trend:Increase 65.08% than previous quarter

Overall: increasing (225.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased by 71.07%, while current assets on revenue decreased by 64.88%, both showing substantial volatility.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also experienced a significant decrease of 49.1%.  Conversely, investment efficiency, represented by retained earnings on assets, showed a positive increase of 44.71%. Earnings per share saw a substantial increase of 225.0% during the period, though with high fluctuation. The data suggests a dynamic financial performance with major variations across different financial aspects.