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 112.86 (%).Trend:Increase 86.02% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 61.17 (%).Trend:Decrease 45.8% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.22 (%).Trend:Decrease 34.25% than previous quarter

Overall: decreasing (-64.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 371.11 (%).Trend:Increase 156.36% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 182.05 (%).Trend:Decrease 50.94% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 86.53 (%).Trend:Decrease 52.47% than previous quarter

Overall: decreasing (-76.68%). 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 -689.43 (%).Trend:Increase 201.18% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -342.57 (%).Trend:Decrease 50.31% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -249.23 (%).Trend:Decrease 27.25% than previous quarter

Overall: increasing (-63.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.27 (%).Trend:Decrease 1.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.42 (%).Trend:Increase 1.33% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.54 (%).Trend:Increase 1.05% than previous quarter

Overall: increasing (2.4%). 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 -50.49 (%).Trend:Decrease 1.88% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -51.32 (%).Trend:Increase 1.64% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -58.4 (%).Trend:Increase 13.8% than previous quarter

Overall: decreasing (15.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.56 (USD).Trend:Decrease 82.77% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.27 (USD).Trend:Decrease 51.79% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.97 (USD).Trend:Increase 259.26% than previous quarter

Overall: increasing (73.21%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 indicates significant volatility in working capital efficiency. Liabilities and current assets on revenue both declined sharply after peaking in Q1. Cost efficiency, as measured by the retained earnings to revenue ratio, showed a decline despite an increase in one quarter. The selling, general, and administrative (SG&A) expense ratio shows a slight upward trend. Investment efficiency metrics display a decreasing retained earning on assets trend, with large swings. Earnings per share showed an increase overall, but with substantial volatility.