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 43.63 (%).Trend:Increase 206.61% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 19.12 (%).Trend:Decrease 56.18% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 10.61 (%).Trend:Decrease 44.51% than previous quarter

Overall: decreasing (-75.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 85.53 (%).Trend:Increase 201.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 43.13 (%).Trend:Decrease 49.57% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 25.96 (%).Trend:Decrease 39.81% than previous quarter

Overall: decreasing (-69.65%). 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 77.27 (%).Trend:Increase 172.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 40.59 (%).Trend:Decrease 47.47% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 29.21 (%).Trend:Decrease 28.04% than previous quarter

Overall: decreasing (-62.2%). Fluctuation: **Significant** (high variation).

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

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 25.48 (%).Trend:Increase 5.38% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.15 (%).Trend:Increase 6.55% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.6 (%).Trend:Increase 9.02% than previous quarter

Overall: increasing (16.17%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.21 (USD).Trend:Decrease 145.32% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.94 (USD).Trend:Increase 142.98% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.83 (USD).Trend:Increase 30.27% than previous quarter

Overall: increasing (216.53%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2023 shows a concerning trend of decreasing working capital efficiency, with liabilities and current assets on revenue declining significantly.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, also decreased substantially.  However, investment efficiency showed a positive, steady upward trend in retained earnings on assets.  Earnings per share saw a substantial overall increase, though with notable quarter-to-quarter fluctuations.