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 113.31 (%).Trend:Increase 296.6% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.37 (%).Trend:Decrease 52.02% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.81 (%).Trend:Decrease 39.65% than previous quarter

Overall: decreasing (-71.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 157.3 (%).Trend:Increase 288.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 72.14 (%).Trend:Decrease 54.14% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.04 (%).Trend:Decrease 40.34% than previous quarter

Overall: decreasing (-72.64%). 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 13.21 (%).Trend:Increase 167.41% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 5.82 (%).Trend:Decrease 55.94% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 4.06 (%).Trend:Decrease 30.24% than previous quarter

Overall: decreasing (-69.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.6 (%).Trend:Increase 12.33% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.22 (%).Trend:Decrease 5.61% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.49 (%).Trend:Increase 1.16% than previous quarter

Overall: decreasing (-4.51%). 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 4.24 (%).Trend:Decrease 31.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.11 (%).Trend:Decrease 3.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.46 (%).Trend:Increase 8.52% than previous quarter

Overall: increasing (5.19%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 98.25% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.72 (USD).Trend:Increase 928.57% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.07 (USD).Trend:Increase 48.61% than previous quarter

Overall: increasing (1428.57%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2023 data reveals significant volatility. Liabilities on Revenue and Current assets on Revenue decreased considerably, despite showing substantial increases in the previous quarter.  Ratio of Retained Earnings to Revenue also experienced a large decrease. SG&A expense ratio showed a small overall decrease with low variation. Retained Earning on Assets increased slightly, while Earnings Per Share increased dramatically.