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 70.29 (%).Trend:Increase 193.12% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.22 (%).Trend:Decrease 49.89% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.1 (%).Trend:Decrease 34.41% than previous quarter

Overall: decreasing (-67.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 67.58 (%).Trend:Increase 187.57% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 33.83 (%).Trend:Decrease 49.94% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 21.49 (%).Trend:Decrease 36.48% than previous quarter

Overall: decreasing (-68.2%). 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 14.49 (%).Trend:Increase 228.57% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7.7 (%).Trend:Decrease 46.86% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 5.57 (%).Trend:Decrease 27.66% than previous quarter

Overall: decreasing (-61.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.92 (%).Trend:Decrease 27.9% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.85 (%).Trend:Decrease 2.4% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.8 (%).Trend:Decrease 1.75% than previous quarter

Overall: decreasing (-4.11%). 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 15.62 (%).Trend:Increase 13.93% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 16.77 (%).Trend:Increase 7.36% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 18.48 (%).Trend:Increase 10.2% than previous quarter

Overall: increasing (18.31%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 5.32 (USD).Trend:Increase 9.69% than previous quarter
Year 2023 Quarter 2: Earning Per Share 11.79 (USD).Trend:Increase 121.62% than previous quarter
Year 2023 Quarter 3: Earning Per Share 19.46 (USD).Trend:Increase 65.06% than previous quarter

Overall: increasing (265.79%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2023 to Q3 2023, liabilities and current assets on revenue decreased significantly (-67.14% and -68.2% respectively), with high variation. The ratio of retained earnings to revenue also decreased significantly (-61.56%), exhibiting high variation.  The SG&A expense ratio decreased slightly (-4.11%) with low variation. Retained earnings on assets and earnings per share increased (18.31% and 265.79% respectively), the latter significantly and with high variation.