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 107.58 (%).Trend:Increase 199.67% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 58.88 (%).Trend:Decrease 45.27% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 41.55 (%).Trend:Decrease 29.43% than previous quarter

Overall: decreasing (-61.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 248.03 (%).Trend:Increase 205.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 132.94 (%).Trend:Decrease 46.4% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 95.38 (%).Trend:Decrease 28.25% than previous quarter

Overall: decreasing (-61.54%). 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 584.49 (%).Trend:Increase 204.66% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 304.41 (%).Trend:Decrease 47.92% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 212.12 (%).Trend:Decrease 30.32% than previous quarter

Overall: decreasing (-63.71%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 140.88 (%).Trend:Increase 0.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 139.89 (%).Trend:Decrease 0.7% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 138.07 (%).Trend:Decrease 1.3% than previous quarter

Overall: decreasing (-1.99%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.03 (USD).Trend:Decrease 63.94% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.9 (USD).Trend:Increase 92.12% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.76 (USD).Trend:Increase 47.69% than previous quarter

Overall: increasing (183.74%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 shows significant fluctuations.  Working capital efficiency metrics (liabilities and current assets) are declining sharply.  Cost efficiency, measured by the ratio of retained earnings to revenue, is also decreasing substantially. Earnings per share, however, show a strong upward trend, though with large quarter-to-quarter variations. Investment efficiency (retained earnings on assets) displays a relatively stable downward trend.