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 85.35 (%).Trend:Increase 108.37% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.64 (%).Trend:Decrease 59.41% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 21.36 (%).Trend:Decrease 38.34% than previous quarter

Overall: decreasing (-74.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 170.14 (%).Trend:Increase 186.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 89.07 (%).Trend:Decrease 47.65% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 58.76 (%).Trend:Decrease 34.03% than previous quarter

Overall: decreasing (-65.46%). 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 116.8 (%).Trend:Increase 176.97% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 62.68 (%).Trend:Decrease 46.34% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 44.02 (%).Trend:Decrease 29.77% than previous quarter

Overall: decreasing (-62.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.11 (%).Trend:Decrease 8.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.2 (%).Trend:Increase 4.34% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.21 (%).Trend:Increase 3.85% than previous quarter

Overall: increasing (8.36%). 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 33.18 (%).Trend:Increase 5.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.08 (%).Trend:Increase 2.71% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 34.9 (%).Trend:Increase 2.41% than previous quarter

Overall: increasing (5.18%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.31 (USD).Trend:Decrease 42.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.34 (USD).Trend:Increase 78.63% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.55 (USD).Trend:Increase 8.97% than previous quarter

Overall: increasing (94.66%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2023 demonstrates mixed results.  Significant and volatile decreases are observed in working capital efficiency (liabilities and current assets on revenue), and cost efficiency (retained earnings-to-revenue ratio). Conversely, the selling, general, and administrative (SG&A) expense ratio shows a stable upward trend. Investment efficiency is steadily increasing, and earnings per share show a strong positive trend.  These findings suggest that while some financial aspects are improving, others present challenges and require careful strategic consideration.