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 251.52 (%).Trend:Increase 485.07% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 128.33 (%).Trend:Decrease 48.98% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 64.87 (%).Trend:Decrease 49.45% than previous quarter

Overall: decreasing (-74.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 508.08 (%).Trend:Increase 213.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 310.2 (%).Trend:Decrease 38.95% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 181.56 (%).Trend:Decrease 41.47% than previous quarter

Overall: decreasing (-64.27%). 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 71.27 (%).Trend:Increase 284.62% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 39.96 (%).Trend:Decrease 43.93% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 29.57 (%).Trend:Decrease 26.0% than previous quarter

Overall: decreasing (-58.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.73 (%).Trend:Increase 18.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.7 (%).Trend:Decrease 7.63% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.87 (%).Trend:Decrease 7.71% than previous quarter

Overall: decreasing (-14.75%). 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 9.58 (%).Trend:Increase 20.96% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.45 (%).Trend:Decrease 1.36% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.6 (%).Trend:Increase 22.75% than previous quarter

Overall: increasing (21.09%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.13 (USD).Trend:Decrease 79.69% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.43 (USD).Trend:Increase 230.77% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.74 (USD).Trend:Increase 72.09% than previous quarter

Overall: increasing (469.23%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2023 to Q3 2023, liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decreased significantly, showcasing substantial volatility.  The SG&A expense ratio also decreased, but with minimal variation. Retained earnings on assets demonstrated a moderate increase, and earnings per share showed a substantial overall increase with significant fluctuation.