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 513.96 (%).Trend:Increase 233.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 258.99 (%).Trend:Decrease 49.61% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 166.95 (%).Trend:Decrease 35.54% than previous quarter

Overall: decreasing (-67.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 441.9 (%).Trend:Increase 130.37% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 174.61 (%).Trend:Decrease 60.49% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 114.59 (%).Trend:Decrease 34.37% than previous quarter

Overall: decreasing (-74.07%). 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 131.84 (%).Trend:Increase 446.83% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 73.93 (%).Trend:Decrease 43.92% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 54.21 (%).Trend:Decrease 26.67% than previous quarter

Overall: decreasing (-58.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 5.91 (%).Trend:Increase 43.45% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.85 (%).Trend:Increase 15.91% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.52 (%).Trend:Increase 9.78% than previous quarter

Overall: increasing (27.24%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.75 (USD).Trend:Decrease 58.63% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.91 (USD).Trend:Increase 66.29% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.1 (USD).Trend:Increase 40.89% than previous quarter

Overall: increasing (134.29%). Fluctuation: **Significant** (high variation).



The Q1 2023-Q3 2023 data highlights significant volatility and contrasting trends.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decreased overall, despite substantial quarter-to-quarter fluctuations.  In contrast, retained earnings on assets steadily increased. Earnings per share showed a significant overall increase.  Further investigation is recommended to understand the underlying causes of this volatility.