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 274.86 (%).Trend:Increase 229.02% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 135.82 (%).Trend:Decrease 50.59% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 85.72 (%).Trend:Decrease 36.89% than previous quarter

Overall: decreasing (-68.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 321.28 (%).Trend:Increase 211.26% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 155.51 (%).Trend:Decrease 51.6% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 92.53 (%).Trend:Decrease 40.5% than previous quarter

Overall: decreasing (-71.2%). 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 23.28 (%).Trend:Increase 557.63% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.08 (%).Trend:Increase 54.98% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 27.15 (%).Trend:Decrease 24.75% than previous quarter

Overall: increasing (16.62%). Fluctuation: **Neutral** (moderate 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 3.58 (%).Trend:Increase 111.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.27 (%).Trend:Increase 186.87% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.76 (%).Trend:Increase 14.51% than previous quarter

Overall: increasing (228.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 14.94% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.86 (USD).Trend:Increase 691.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share 7.04 (USD).Trend:Increase 20.14% than previous quarter

Overall: increasing (851.35%). Fluctuation: **Significant** (high variation).



Financial review of Q1-Q3 2023 indicates a significant decline in working capital efficiency, as both liabilities and current assets on revenue decreased throughout the period. However, cost efficiency, using the retained earnings-to-revenue ratio, demonstrates an overall positive trend. Investment efficiency, measured by retained earnings on assets, also shows increasing growth, though with considerable variation. Earnings per share exhibited a clear upward trend despite significant fluctuations.  The data highlights a need to further investigate the cause of the working capital issues alongside the significant variability in financial performance.