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 134.12 (%).Trend:Increase 251.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 66.14 (%).Trend:Decrease 50.69% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 62.6 (%).Trend:Decrease 5.35% than previous quarter

Overall: decreasing (-53.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 225.6 (%).Trend:Increase 236.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 109.56 (%).Trend:Decrease 51.44% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 91.43 (%).Trend:Decrease 16.55% than previous quarter

Overall: decreasing (-59.47%). 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 360.94 (%).Trend:Increase 263.52% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 167.74 (%).Trend:Decrease 53.53% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 115.93 (%).Trend:Decrease 30.89% than previous quarter

Overall: decreasing (-67.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 57.1 (%).Trend:Increase 7.15% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 57.01 (%).Trend:Decrease 0.16% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 58.17 (%).Trend:Increase 2.03% than previous quarter

Overall: increasing (1.87%). 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 70.96 (%).Trend:Increase 7.68% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 69.18 (%).Trend:Decrease 2.51% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 62.78 (%).Trend:Decrease 9.25% than previous quarter

Overall: decreasing (-11.53%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.37 (USD).Trend:Decrease 78.86% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.47 (USD).Trend:Increase 80.29% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.9 (USD).Trend:Increase 17.41% than previous quarter

Overall: increasing (111.68%). Fluctuation: **Significant** (high variation).



Financial performance analysis from Q1 2023 to Q3 2023 reveals significant volatility across key metrics.  Working capital efficiency shows decreasing trends for both liabilities and current assets on revenue. Cost efficiency indicates a considerable decrease in the retained earnings-to-revenue ratio, contrasted by a slight increase in SG&A expenses.  Investment efficiency shows a declining retained earnings on assets.  Earnings per share exhibited considerable growth, but with significant quarter-to-quarter fluctuation.