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 28.62 (%).Trend:Increase 277.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 15.16 (%).Trend:Decrease 47.03% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 11.05 (%).Trend:Decrease 27.11% than previous quarter

Overall: decreasing (-61.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 139.58 (%).Trend:Increase 334.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 70.47 (%).Trend:Decrease 49.51% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 48.31 (%).Trend:Decrease 31.45% 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 54.95 (%).Trend:Increase 409.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 28.68 (%).Trend:Decrease 47.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 20.1 (%).Trend:Decrease 29.92% than previous quarter

Overall: decreasing (-63.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.43 (%).Trend:Increase 50.2% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.15 (%).Trend:Decrease 2.45% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.19 (%).Trend:Increase 0.36% than previous quarter

Overall: decreasing (-2.1%). 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 28.73 (%).Trend:Increase 13.38% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.85 (%).Trend:Increase 3.9% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 30.73 (%).Trend:Increase 2.95% than previous quarter

Overall: increasing (6.96%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.96 (USD).Trend:Decrease 93.01% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.67 (USD).Trend:Increase 138.27% than previous quarter
Year 2023 Quarter 3: Earning Per Share 7.39 (USD).Trend:Increase 58.24% than previous quarter

Overall: increasing (277.04%). Fluctuation: **Significant** (high variation).



The data from Q1-Q3 2023 indicates a dynamic financial period. Working capital metrics (liabilities and current assets on revenue) experienced substantial declines (-61.39% and -65.39% respectively) with significant volatility. Retained earnings to revenue also decreased sharply (-63.42%) with high fluctuation. SG&A expenses remained relatively stable, decreasing slightly (-2.1%). A positive trend is the consistent, albeit modest, increase in retained earnings on assets (6.96%). Most significantly, earnings per share showed a strong recovery (277.04%) after a substantial initial drop, though with significant fluctuation. This suggests a turnaround in profitability despite declining working capital.