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 83.98 (%).Trend:Increase 175.52% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.08 (%).Trend:Decrease 51.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.26 (%).Trend:Decrease 36.08% than previous quarter

Overall: decreasing (-68.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 190.45 (%).Trend:Increase 192.33% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 93.99 (%).Trend:Decrease 50.65% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 59.49 (%).Trend:Decrease 36.71% than previous quarter

Overall: decreasing (-68.76%). 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 156.12 (%).Trend:Increase 184.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 80.29 (%).Trend:Decrease 48.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 55.96 (%).Trend:Decrease 30.3% than previous quarter

Overall: decreasing (-64.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.72 (%).Trend:Decrease 5.72% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.88 (%).Trend:Increase 0.6% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.56 (%).Trend:Increase 2.53% than previous quarter

Overall: increasing (3.14%). 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 43.37 (%).Trend:Decrease 0.73% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 45.46 (%).Trend:Increase 4.82% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 49.25 (%).Trend:Increase 8.34% than previous quarter

Overall: increasing (13.56%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.32 (USD).Trend:Decrease 42.61% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.02 (USD).Trend:Increase 128.79% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.25 (USD).Trend:Increase 40.73% than previous quarter

Overall: increasing (221.97%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 reveals mixed results.  Working capital efficiency metrics, liabilities on revenue and current assets on revenue, declined substantially with high variation.  Cost efficiency, as reflected in the ratio of retained earnings to revenue, also showed a significant negative trend. The Selling, General & Administrative (SG&A) Expense Ratio increased slightly.  Investment efficiency, measured by retained earnings on assets, improved steadily with low variation.  Earnings per share increased considerably over the three quarters. This substantial variation across metrics requires further analysis.