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 103.22 (%).Trend:Increase 149.38% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 56.05 (%).Trend:Decrease 45.7% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 38.61 (%).Trend:Decrease 31.12% than previous quarter

Overall: decreasing (-62.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 223.15 (%).Trend:Increase 154.19% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 118.42 (%).Trend:Decrease 46.93% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 82.54 (%).Trend:Decrease 30.3% than previous quarter

Overall: decreasing (-63.01%). 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 307.19 (%).Trend:Increase 160.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 171.65 (%).Trend:Decrease 44.12% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 117.52 (%).Trend:Decrease 31.54% than previous quarter

Overall: decreasing (-61.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.74 (%).Trend:Increase 4.51% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.11 (%).Trend:Decrease 1.81% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.62 (%).Trend:Decrease 1.44% than previous quarter

Overall: decreasing (-3.22%). 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 55.71 (%).Trend:Increase 1.75% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 58.16 (%).Trend:Increase 4.4% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 58.81 (%).Trend:Increase 1.12% than previous quarter

Overall: increasing (5.56%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.4 (USD).Trend:Decrease 78.95% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.7 (USD).Trend:Increase 75.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.9 (USD).Trend:Increase 28.57% than previous quarter

Overall: increasing (125.0%). Fluctuation: **Significant** (high variation).



The analysis of Q1-Q3 2023 financial data shows decreasing trends in working capital efficiency, liabilities, and current assets on revenue.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows a negative trend.  However, selling, general, and administrative (SG&A) expenses have a slightly declining trend. Conversely, investment efficiency (retained earnings on assets) exhibits a positive trend.  Earnings per share also show a notable increase throughout the period.