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 82.86 (%).Trend:Increase 170.52% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 42.44 (%).Trend:Decrease 48.78% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.45 (%).Trend:Decrease 32.96% than previous quarter

Overall: decreasing (-65.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 128.72 (%).Trend:Increase 177.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 65.51 (%).Trend:Decrease 49.11% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 44.17 (%).Trend:Decrease 32.58% than previous quarter

Overall: decreasing (-65.69%). 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 96.54 (%).Trend:Increase 195.23% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 49.45 (%).Trend:Decrease 48.78% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 34.22 (%).Trend:Decrease 30.8% than previous quarter

Overall: decreasing (-64.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.19 (%).Trend:Increase 1.27% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.13 (%).Trend:Decrease 0.31% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.53 (%).Trend:Increase 2.09% than previous quarter

Overall: increasing (1.77%). 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 47.3 (%).Trend:Increase 3.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 47.36 (%).Trend:Increase 0.13% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 48.35 (%).Trend:Increase 2.09% than previous quarter

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

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.29 (USD).Trend:Decrease 117.9% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.49 (USD).Trend:Increase 68.97% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.68 (USD).Trend:Increase 38.78% than previous quarter

Overall: increasing (134.48%). Fluctuation: **Significant** (high variation).



Q1 to Q3 2023 financial analysis indicates fluctuating performance. Working capital efficiency, measured by liabilities and current assets on revenue, demonstrates significant, yet inconsistent, decreases and increases.  Cost efficiency, in terms of retained earnings to revenue, also displays substantial fluctuations. SG&A expense ratios show a slightly positive trend. Investment efficiency is consistent, showing slight increases. Earnings per share display significant fluctuations in this period. The data suggests further investigation into the underlying causes of the observed variances is needed.