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 64.25 (%).Trend:Increase 193.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.96 (%).Trend:Decrease 44.03% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.7 (%).Trend:Decrease 28.53% than previous quarter

Overall: decreasing (-60.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 86.58 (%).Trend:Increase 172.09% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.92 (%).Trend:Decrease 45.81% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.16 (%).Trend:Decrease 20.8% than previous quarter

Overall: decreasing (-57.08%). 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 -668.41 (%).Trend:Increase 185.16% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -305.02 (%).Trend:Decrease 54.37% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -199.79 (%).Trend:Decrease 34.5% than previous quarter

Overall: increasing (-70.11%). 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 -111.42 (%).Trend:Increase 2.78% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -94.2 (%).Trend:Decrease 15.46% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -92.29 (%).Trend:Decrease 2.03% than previous quarter

Overall: increasing (-17.17%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.17 (USD).Trend:Increase 70.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.58 (USD).Trend:Increase 829.41% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.65 (USD).Trend:Increase 4.43% than previous quarter

Overall: increasing (870.59%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2023 reveals significant volatility in key metrics. Working capital efficiency, indicated by liabilities and current assets on revenue, saw consistent but substantial declines.  Cost efficiency, represented by the ratio of retained earnings to revenue, showed overall improvement but high fluctuation. Investment efficiency, reflected in retained earnings on assets, also showed moderate growth but significant quarterly variations. Earnings per share (EPS) rose considerably, with a significant surge in Q2 2023.