Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 136.33 (%).Trend:Increase 900.22% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 45.54 (%).Trend:Decrease 66.6% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.52 (%).Trend:Decrease 43.96% than previous quarter

Overall: decreasing (-81.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 386.73 (%).Trend:Increase 778.33% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 147.44 (%).Trend:Decrease 61.88% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 92.65 (%).Trend:Decrease 37.16% than previous quarter

Overall: decreasing (-76.04%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 596.46 (%).Trend:Increase 762.56% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 247.5 (%).Trend:Decrease 58.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 153.96 (%).Trend:Decrease 37.79% than previous quarter

Overall: decreasing (-74.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets 96.57 (%).Trend:Decrease 4.02% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 100.48 (%).Trend:Increase 4.05% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 97.31 (%).Trend:Decrease 3.15% than previous quarter

Overall: increasing (0.77%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 97.89% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.28 (USD).Trend:Increase 300.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.52 (USD).Trend:Increase 85.71% than previous quarter

Overall: increasing (642.86%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2022 to Q3 2023 reveals a complex picture.  Working capital efficiency, measured by liabilities and current assets on revenue, declined sharply. Cost efficiency, reflected in the ratio of retained earnings to revenue, also deteriorated significantly. In contrast, investment efficiency (retained earnings on assets) showed a small positive increase. Earnings per share (EPS) surged, but with significant quarter-to-quarter fluctuations, suggesting potentially volatile performance.