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 64.96 (%).Trend:Increase 164.07% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.31 (%).Trend:Decrease 53.34% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20.65 (%).Trend:Decrease 31.87% than previous quarter

Overall: decreasing (-68.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 184.73 (%).Trend:Increase 191.1% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 92.37 (%).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 58.4 (%).Trend:Decrease 36.78% than previous quarter

Overall: decreasing (-68.39%). 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 67.93 (%).Trend:Increase 278.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 37.84 (%).Trend:Decrease 44.3% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 28.5 (%).Trend:Decrease 24.68% than previous quarter

Overall: decreasing (-58.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.68 (%).Trend:Decrease 0.16% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.53 (%).Trend:Decrease 0.8% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.32 (%).Trend:Decrease 1.13% than previous quarter

Overall: decreasing (-1.93%). 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 12.14 (%).Trend:Increase 27.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 13.77 (%).Trend:Increase 13.43% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 15.99 (%).Trend:Increase 16.12% than previous quarter

Overall: increasing (31.71%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.51 (USD).Trend:Decrease 69.09% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.09 (USD).Trend:Increase 113.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.68 (USD).Trend:Increase 54.13% than previous quarter

Overall: increasing (229.41%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2023 to Q3 2023 shows substantial decreases in Liabilities on Revenue, Current Assets on Revenue, and Ratio of Retained Earnings to Revenue, all exhibiting high volatility. The SG&A Expense Ratio saw a small decrease with low variation.  Retained Earning on Assets demonstrated a moderate increase, whereas Earning Per Share increased significantly, indicating considerable volatility.