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 125.7 (%).Trend:Increase 250.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.18 (%).Trend:Decrease 52.12% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.42 (%).Trend:Decrease 32.83% than previous quarter

Overall: decreasing (-67.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 147.63 (%).Trend:Increase 204.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.23 (%).Trend:Decrease 50.4% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 50.87 (%).Trend:Decrease 30.53% than previous quarter

Overall: decreasing (-65.54%). 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 263.22 (%).Trend:Increase 200.72% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 129.05 (%).Trend:Decrease 50.97% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 86.39 (%).Trend:Decrease 33.06% than previous quarter

Overall: decreasing (-67.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.73 (%).Trend:Increase 6.74% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.97 (%).Trend:Decrease 2.74% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.59 (%).Trend:Decrease 1.41% than previous quarter

Overall: decreasing (-4.11%). 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 44.24 (%).Trend:Increase 1.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.65 (%).Trend:Increase 0.93% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 44.98 (%).Trend:Increase 0.74% than previous quarter

Overall: increasing (1.67%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 71.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.98 (USD).Trend:Increase 141.46% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.39 (USD).Trend:Increase 71.21% than previous quarter

Overall: increasing (313.41%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 reveals a generally declining trend in working capital efficiency metrics. Liabilities and current assets on revenue, along with the retained earnings ratio, are all decreasing significantly.  The SG&A expense ratio shows minimal variation, decreasing slightly. Investment efficiency consistently shows small increases in retained earnings on assets. Earnings per share, however, show major fluctuations.