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 99.16 (%).Trend:Increase 346.67% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.9 (%).Trend:Decrease 43.63% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.97 (%).Trend:Decrease 37.44% than previous quarter

Overall: decreasing (-64.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 60.99 (%).Trend:Increase 347.14% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 24.17 (%).Trend:Decrease 60.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 31.3 (%).Trend:Increase 29.5% than previous quarter

Overall: decreasing (-48.68%). 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 50.84 (%).Trend:Increase 1870.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.12 (%).Trend:Decrease 28.95% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 34.89 (%).Trend:Decrease 3.41% than previous quarter

Overall: decreasing (-31.37%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.1 (%).Trend:Increase 45.83% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.03 (%).Trend:Decrease 3.33% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.81 (%).Trend:Decrease 10.84% than previous quarter

Overall: decreasing (-13.81%). 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 3.51 (%).Trend:Increase 328.05% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.97 (%).Trend:Increase 41.6% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.62 (%).Trend:Increase 53.32% than previous quarter

Overall: increasing (117.09%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 3.88 (USD).Trend:Decrease 79.57% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.95 (USD).Trend:Increase 79.12% than previous quarter
Year 2023 Quarter 3: Earning Per Share 12.01 (USD).Trend:Increase 72.81% than previous quarter

Overall: increasing (209.54%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2023 reveals mixed results.  Working capital efficiency is declining, with significant volatility in both liabilities and current assets on revenue. Cost efficiency shows a moderate decrease in the ratio of retained earnings to revenue, while the selling, general, and administrative (SG&A) expense ratio is trending slightly downwards.  Investment efficiency, however, is increasing, with large variations, while earnings per share are also significantly increasing.