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 187.57 (%).Trend:Increase 848.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.23 (%).Trend:Decrease 71.09% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20.28 (%).Trend:Decrease 62.6% than previous quarter

Overall: decreasing (-89.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 192.48 (%).Trend:Increase 616.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 62.06 (%).Trend:Decrease 67.76% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 30.37 (%).Trend:Decrease 51.06% than previous quarter

Overall: decreasing (-84.22%). 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 490.87 (%).Trend:Increase 300.35% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 209.8 (%).Trend:Decrease 57.26% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 146.16 (%).Trend:Decrease 30.33% than previous quarter

Overall: decreasing (-70.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.7 (%).Trend:Increase 34.88% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.98 (%).Trend:Decrease 4.59% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.87 (%).Trend:Decrease 0.73% than previous quarter

Overall: decreasing (-5.29%). 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 103.41 (%).Trend:Decrease 22.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 116.73 (%).Trend:Increase 12.88% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 131.83 (%).Trend:Increase 12.94% than previous quarter

Overall: increasing (27.48%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 75.48% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.09 (USD).Trend:Increase 186.84% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.69 (USD).Trend:Increase 55.05% than previous quarter

Overall: increasing (344.74%). Fluctuation: **Significant** (high variation).



Financial data for Q1 2023 to Q3 2023 reveals significant volatility. Liabilities and current assets on revenue decreased substantially, suggesting liquidity concerns. The ratio of retained earnings to revenue also decreased (-70.22%), implying profitability challenges. However, the SG&A expense ratio decreased slightly, which could be a positive indicator.  Retained earnings on assets show a moderate upward trend, and earnings per share increased considerably, indicating possible positive signs in some aspects. Overall, the data highlights substantial fluctuations, particularly in working capital and earnings.