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 84.39 (%).Trend:Increase 126.98% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.8 (%).Trend:Decrease 50.47% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.34 (%).Trend:Decrease 32.2% than previous quarter

Overall: decreasing (-66.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 195.67 (%).Trend:Increase 138.74% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 96.41 (%).Trend:Decrease 50.73% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 63.57 (%).Trend:Decrease 34.06% than previous quarter

Overall: decreasing (-67.51%). 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 164.63 (%).Trend:Increase 138.39% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 81.13 (%).Trend:Decrease 50.72% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 55.61 (%).Trend:Decrease 31.46% than previous quarter

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

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.19 (%).Trend:Decrease 8.69% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.25 (%).Trend:Increase 0.59% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.31 (%).Trend:Increase 0.59% than previous quarter

Overall: increasing (1.18%). 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 47.18 (%).Trend:Decrease 1.54% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 47.99 (%).Trend:Increase 1.72% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 50.01 (%).Trend:Increase 4.21% than previous quarter

Overall: increasing (6.0%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.24 (USD).Trend:Decrease 72.41% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.19 (USD).Trend:Decrease 20.83% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.67 (USD).Trend:Increase 252.63% than previous quarter

Overall: increasing (179.17%). Fluctuation: **Significant** (high variation).



Q1 2023 to Q3 2023 financial data reveals a significant downward trend in several key areas. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decrease substantially (-66.42%, -67.51%, and -66.22%, respectively).  This decrease is accompanied by high volatility. Conversely, SG&A expense ratio is increasing slightly (1.18%). Investment efficiency, however, shows a positive trend (6.0%), with little variation. Earning per share increased significantly (179.17%) but again with high volatility.