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 88.2 (%).Trend:Increase 182.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.95 (%).Trend:Decrease 50.17% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.19 (%).Trend:Decrease 33.58% than previous quarter

Overall: decreasing (-66.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 113.52 (%).Trend:Increase 180.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.98 (%).Trend:Decrease 49.81% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 38.15 (%).Trend:Decrease 33.05% than previous quarter

Overall: decreasing (-66.39%). 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 68.04 (%).Trend:Increase 165.47% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 34.38 (%).Trend:Decrease 49.47% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 23.57 (%).Trend:Decrease 31.44% than previous quarter

Overall: decreasing (-65.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.52 (%).Trend:Decrease 9.29% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.74 (%).Trend:Increase 1.13% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.07 (%).Trend:Increase 1.67% than previous quarter

Overall: increasing (2.82%). 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 27.06 (%).Trend:Decrease 3.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.54 (%).Trend:Increase 1.77% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 28.38 (%).Trend:Increase 3.05% than previous quarter

Overall: increasing (4.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.44 (USD).Trend:Decrease 358.82% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.78 (USD).Trend:Increase 77.27% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.28 (USD).Trend:Increase 64.1% than previous quarter

Overall: increasing (190.91%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2023 to Q3 2023, key working capital efficiency ratios (liabilities on revenue, current assets on revenue, and ratio of retained earnings to revenue) decreased substantially.  This suggests a decline in working capital efficiency.  Conversely, the SG&A expense ratio and retained earnings on assets showed slight increases.  Despite the negative trends in working capital efficiency, earnings per share increased significantly.  Further investigation is crucial to understand these contrasting trends.