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 90.24 (%).Trend:Increase 83.38% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.28 (%).Trend:Decrease 46.5% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.9 (%).Trend:Decrease 36.0% than previous quarter

Overall: decreasing (-65.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 133.8 (%).Trend:Increase 83.49% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 70.06 (%).Trend:Decrease 47.64% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 45.03 (%).Trend:Decrease 35.73% than previous quarter

Overall: decreasing (-66.35%). 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 67.29 (%).Trend:Increase 58.03% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 33.02 (%).Trend:Decrease 50.93% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 22.06 (%).Trend:Decrease 33.19% than previous quarter

Overall: decreasing (-67.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.21 (%).Trend:Decrease 2.51% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.13 (%).Trend:Decrease 1.29% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.9 (%).Trend:Decrease 3.75% than previous quarter

Overall: decreasing (-4.99%). 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 24.01 (%).Trend:Decrease 15.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.69 (%).Trend:Decrease 1.33% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 24.36 (%).Trend:Increase 2.83% than previous quarter

Overall: increasing (1.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 97.8% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.76 (USD).Trend:Increase 3700.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.66 (USD).Trend:Increase 118.42% than previous quarter

Overall: increasing (8200.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2023 reveals considerable declines in working capital efficiency. Liabilities and current assets on revenue have substantial decreases with large fluctuations. Cost efficiency, measured by the ratio of retained earnings to revenue, decreased significantly with large swings.  Selling, general, and administrative (SG&A) expenses showed a consistent decline with minimal variation. Investment efficiency demonstrated minimal change with a modest overall increase. Earnings per share also experienced a significant increase, but with substantial volatility.