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 49.03 (%).Trend:Increase 179.21% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.4 (%).Trend:Decrease 50.23% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.39 (%).Trend:Decrease 36.93% than previous quarter

Overall: decreasing (-68.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 112.54 (%).Trend:Increase 170.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 57.22 (%).Trend:Decrease 49.16% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 38.95 (%).Trend:Decrease 31.93% than previous quarter

Overall: decreasing (-65.39%). 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 46.89 (%).Trend:Increase 232.79% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 26.54 (%).Trend:Decrease 43.4% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 20.01 (%).Trend:Decrease 24.6% than previous quarter

Overall: decreasing (-57.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.69 (%).Trend:Decrease 3.9% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.59 (%).Trend:Decrease 0.51% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.22 (%).Trend:Increase 3.22% than previous quarter

Overall: increasing (2.69%). 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 19.84 (%).Trend:Increase 29.84% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.82 (%).Trend:Increase 15.02% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 24.91 (%).Trend:Increase 9.16% than previous quarter

Overall: increasing (25.55%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.1 (USD).Trend:Decrease 54.05% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.54 (USD).Trend:Increase 116.19% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.11 (USD).Trend:Increase 34.58% than previous quarter

Overall: increasing (190.95%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2023 reveals significant volatility. Liabilities and current assets on revenue are decreasing sharply with high fluctuation.  Retained earnings to revenue ratio is also declining, while SG&A expense ratio is rising slightly.  Retained earnings on assets show a consistent increase.  Earnings per share demonstrate significant fluctuation, increasing overall. These mixed results necessitate a thorough examination of underlying factors.