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 95.76 (%).Trend:Increase 186.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.76 (%).Trend:Decrease 49.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.35 (%).Trend:Decrease 33.65% than previous quarter

Overall: decreasing (-66.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 129.65 (%).Trend:Increase 190.56% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.12 (%).Trend:Decrease 49.0% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.9 (%).Trend:Decrease 33.61% than previous quarter

Overall: decreasing (-66.14%). 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 90.84 (%).Trend:Increase 174.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 45.86 (%).Trend:Decrease 49.52% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 31.31 (%).Trend:Decrease 31.73% than previous quarter

Overall: decreasing (-65.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.02 (%).Trend:Decrease 8.48% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.04 (%).Trend:Increase 0.66% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.08 (%).Trend:Increase 1.32% than previous quarter

Overall: increasing (1.99%). 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 36.86 (%).Trend:Decrease 4.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 36.71 (%).Trend:Decrease 0.41% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 37.77 (%).Trend:Increase 2.89% than previous quarter

Overall: increasing (2.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.42 (USD).Trend:Decrease 31.25% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.27 (USD).Trend:Increase 117.77% than previous quarter
Year 2023 Quarter 3: Earning Per Share 7.54 (USD).Trend:Increase 43.07% than previous quarter

Overall: increasing (211.57%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2023 to Q3 2023 reveals consistent significant fluctuations in key financial metrics.  Working capital efficiency and cost efficiency measures decreased considerably. In contrast, SG&A expenses increased only slightly, and retained earnings on assets showed a minimal increase.  Earnings per share notably increased significantly, highlighting the substantial volatility observed.