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 929.08 (%).Trend:Increase 82.13% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 543.93 (%).Trend:Decrease 41.45% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 380.78 (%).Trend:Decrease 29.99% than previous quarter

Overall: decreasing (-59.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 900.67 (%).Trend:Increase 74.35% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 536.14 (%).Trend:Decrease 40.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 380.65 (%).Trend:Decrease 29.0% than previous quarter

Overall: decreasing (-57.74%). 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 499.07 (%).Trend:Increase 201.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 247.87 (%).Trend:Decrease 50.33% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 161.5 (%).Trend:Decrease 34.84% than previous quarter

Overall: decreasing (-67.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.98 (%).Trend:Increase 1.23% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.24 (%).Trend:Increase 1.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.17 (%).Trend:Decrease 0.36% than previous quarter

Overall: increasing (1.0%). 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 45.38 (%).Trend:Increase 59.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.18 (%).Trend:Decrease 13.66% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 36.5 (%).Trend:Decrease 6.84% than previous quarter

Overall: decreasing (-19.57%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.88 (USD).Trend:Decrease 66.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.84 (USD).Trend:Increase 104.26% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.36 (USD).Trend:Increase 65.63% than previous quarter

Overall: increasing (238.3%). Fluctuation: **Significant** (high variation).



Analyzing data from Q1 2023 to Q3 2023, the company demonstrates a trend of decreasing working capital. Liabilities and current assets on revenue both decreased significantly (-59.02% & -57.74%) with high variation. The ratio of retained earnings to revenue also decreased substantially (-67.64%) with significant fluctuation. SG&A expenses increased slightly (1.0%) with minimal variation. Retained earnings on assets decreased (-19.57%) with neutral variation. However, Earnings Per Share increased significantly (238.3%) with high fluctuation. This suggests a restructuring or shift in strategy impacting working capital, offset by improved profitability.