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 100.09 (%).Trend:Increase 189.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.38 (%).Trend:Decrease 54.66% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 33.66 (%).Trend:Decrease 25.83% than previous quarter

Overall: decreasing (-66.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 284.44 (%).Trend:Increase 198.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 143.58 (%).Trend:Decrease 49.52% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 98.58 (%).Trend:Decrease 31.34% than previous quarter

Overall: decreasing (-65.34%). 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 226.99 (%).Trend:Increase 199.03% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 112.25 (%).Trend:Decrease 50.55% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 73.81 (%).Trend:Decrease 34.24% than previous quarter

Overall: decreasing (-67.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.47 (%).Trend:Increase 4.86% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.35 (%).Trend:Increase 6.08% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.72 (%).Trend:Increase 2.41% than previous quarter

Overall: increasing (8.64%). 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 40.88 (%).Trend:Increase 1.64% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 36.97 (%).Trend:Decrease 9.56% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 36.49 (%).Trend:Decrease 1.3% than previous quarter

Overall: decreasing (-10.74%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.43 (USD).Trend:Decrease 75.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.59 (USD).Trend:Increase 37.21% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.81 (USD).Trend:Increase 37.29% than previous quarter

Overall: increasing (88.37%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2023 shows significant fluctuations.  Working capital efficiency in both liabilities and current assets displays overall decreases, though with substantial variability. Cost efficiency shows a slight overall increase in the SG&A expense ratio. Investment efficiency shows a moderate overall decrease in retained earnings on assets, with minimal quarterly fluctuations. Earnings per share show a substantial increase, though significant volatility is evident.  The overall picture reveals dynamic and inconsistent financial performance.