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 143.37 (%).Trend:Increase 309.28% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 69.15 (%).Trend:Decrease 51.77% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 44.53 (%).Trend:Decrease 35.6% than previous quarter

Overall: decreasing (-68.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 162.4 (%).Trend:Increase 244.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 81.62 (%).Trend:Decrease 49.74% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 48.9 (%).Trend:Decrease 40.09% than previous quarter

Overall: decreasing (-69.89%). 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 388.33 (%).Trend:Increase 310.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 205.26 (%).Trend:Decrease 47.14% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 134.23 (%).Trend:Decrease 34.6% than previous quarter

Overall: decreasing (-65.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.54 (%).Trend:Increase 42.17% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.68 (%).Trend:Increase 3.95% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.58 (%).Trend:Decrease 2.72% than previous quarter

Overall: increasing (1.13%). 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 61.23 (%).Trend:Increase 3.55% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 62.08 (%).Trend:Increase 1.39% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 62.49 (%).Trend:Increase 0.66% than previous quarter

Overall: increasing (2.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.3 (USD).Trend:Decrease 84.85% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.41 (USD).Trend:Increase 85.38% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.4 (USD).Trend:Decrease 0.41% than previous quarter

Overall: increasing (84.62%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2023 indicates a negative trend in working capital efficiency, with both liabilities and current assets on revenue declining.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows a substantial decrease, further highlighting significant fluctuation.  The SG&A expense ratio shows a modest increase with little variation.  Investment efficiency and earnings per share both show increasing trends, but with significant fluctuation, particularly in earnings per share.