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 60.27 (%).Trend:Increase 125.65% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.32 (%).Trend:Decrease 49.69% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20.09 (%).Trend:Decrease 33.74% than previous quarter

Overall: decreasing (-66.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 155.83 (%).Trend:Increase 175.85% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 78.69 (%).Trend:Decrease 49.5% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 53.31 (%).Trend:Decrease 32.25% than previous quarter

Overall: decreasing (-65.79%). 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 17.42 (%).Trend:Increase 429.48% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 9.74 (%).Trend:Decrease 44.09% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 8.08 (%).Trend:Decrease 17.04% than previous quarter

Overall: decreasing (-53.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.74 (%).Trend:Decrease 3.13% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.51 (%).Trend:Increase 2.68% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.14 (%).Trend:Decrease 1.25% than previous quarter

Overall: increasing (1.39%). 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 7.07 (%).Trend:Increase 87.04% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 7.77 (%).Trend:Increase 9.9% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 9.62 (%).Trend:Increase 23.81% than previous quarter

Overall: increasing (36.07%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.19 (USD).Trend:Decrease 65.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.84 (USD).Trend:Increase 54.62% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.9 (USD).Trend:Increase 57.61% than previous quarter

Overall: increasing (143.7%). Fluctuation: **Significant** (high variation).



Financial performance analysis reveals significant fluctuations across various key metrics.  Working capital efficiency shows declining trends for both liabilities and current assets on revenue.  Cost efficiency, specifically the ratio of retained earnings to revenue, demonstrates a substantial decrease. The SG&A expense ratio, however, shows a minor increase. Investment efficiency, measured by retained earnings on assets, displays a modest growth. Finally, earnings per share demonstrate a significant increase throughout the period.