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 42.48 (%).Trend:Increase 151.51% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.07 (%).Trend:Decrease 50.4% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 14.77 (%).Trend:Decrease 29.9% than previous quarter

Overall: decreasing (-65.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 130.88 (%).Trend:Increase 177.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.0 (%).Trend:Decrease 48.81% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.29 (%).Trend:Decrease 30.91% than previous quarter

Overall: decreasing (-64.63%). 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 148.39 (%).Trend:Increase 181.95% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 77.44 (%).Trend:Decrease 47.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 53.08 (%).Trend:Decrease 31.46% than previous quarter

Overall: decreasing (-64.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.85 (%).Trend:Decrease 6.08% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.65 (%).Trend:Decrease 1.06% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.5 (%).Trend:Decrease 0.8% than previous quarter

Overall: decreasing (-1.86%). 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 63.72 (%).Trend:Increase 4.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 65.16 (%).Trend:Increase 2.26% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 66.22 (%).Trend:Increase 1.63% than previous quarter

Overall: increasing (3.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 56.8% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



Financial analysis reveals substantial fluctuations in working capital efficiency. Liabilities and current assets on revenue both show significant decreases across the three quarters.  Cost efficiency is similarly negatively impacted, with a significant decline in the retained earnings-to-revenue ratio.  SG&A expense ratio displays a minimal decrease with low variation.  Investment efficiency demonstrates a modest increase in retained earnings on assets with low fluctuation. Earnings per share exhibit substantial variation, increasing substantially over the three quarters.