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 58.06 (%).Trend:Increase 162.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.03 (%).Trend:Decrease 44.83% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 21.16 (%).Trend:Decrease 33.94% than previous quarter

Overall: decreasing (-63.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 104.07 (%).Trend:Increase 179.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 58.21 (%).Trend:Decrease 44.07% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 36.17 (%).Trend:Decrease 37.86% than previous quarter

Overall: decreasing (-65.24%). 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 58.38 (%).Trend:Increase 70.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 32.97 (%).Trend:Decrease 43.53% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 23.6 (%).Trend:Decrease 28.42% than previous quarter

Overall: decreasing (-59.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.69 (%).Trend:Decrease 3.23% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.44 (%).Trend:Decrease 1.7% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.33 (%).Trend:Decrease 0.76% than previous quarter

Overall: decreasing (-2.45%). 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 22.96 (%).Trend:Decrease 33.06% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 25.32 (%).Trend:Increase 10.28% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 28.18 (%).Trend:Increase 11.3% than previous quarter

Overall: increasing (22.74%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.01 (USD).Trend:Increase 27.85% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.72 (USD).Trend:Increase 169.31% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 10.29% than previous quarter

Overall: increasing (197.03%). Fluctuation: **Significant** (high variation).



Financial performance in Q1 to Q3 2023 reveals significant variation in almost all areas.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decreased significantly.  Conversely, the SG&A expense ratio remained relatively stable with small decreases.  Investment efficiency (retained earnings on assets) and earnings per share both showed substantial increases, though with significant fluctuation.