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 85.28 (%).Trend:Increase 200.49% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.16 (%).Trend:Decrease 54.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.18 (%).Trend:Decrease 33.15% than previous quarter

Overall: decreasing (-69.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 176.88 (%).Trend:Increase 225.93% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.72 (%).Trend:Decrease 48.71% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 61.56 (%).Trend:Decrease 32.14% than previous quarter

Overall: decreasing (-65.2%). 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 22.36 (%).Trend:Increase 660.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 14.85 (%).Trend:Decrease 33.59% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 12.03 (%).Trend:Decrease 18.99% than previous quarter

Overall: decreasing (-46.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.28 (%).Trend:Increase 1.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.73 (%).Trend:Increase 7.17% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.19 (%).Trend:Increase 6.84% than previous quarter

Overall: increasing (14.49%). 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 9.12 (%).Trend:Increase 133.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 11.72 (%).Trend:Increase 28.51% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 13.69 (%).Trend:Increase 16.81% than previous quarter

Overall: increasing (50.11%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.51 (USD).Trend:Decrease 76.06% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.99 (USD).Trend:Increase 94.12% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.29 (USD).Trend:Increase 30.3% than previous quarter

Overall: increasing (152.94%). Fluctuation: **Significant** (high variation).



The financial data for Q1 to Q3 2023 reveal considerable volatility in financial metrics. Working capital efficiency shows declines in both liabilities and current assets on revenue. Cost efficiency, as measured by the ratio of retained earnings to revenue, is also decreasing. However, the selling, general, and administrative (SG&A) expense ratio has a more consistent upward trend.  Investment efficiency shows a sustained rise. Earnings per share are increasing, but with significant quarterly variations.