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 52.97 (%).Trend:Increase 131.51% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.4 (%).Trend:Decrease 53.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.45 (%).Trend:Decrease 28.48% than previous quarter

Overall: decreasing (-67.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 127.12 (%).Trend:Increase 187.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 59.72 (%).Trend:Decrease 53.02% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 40.64 (%).Trend:Decrease 31.95% than previous quarter

Overall: decreasing (-68.03%). 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 63.19 (%).Trend:Increase 178.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 33.69 (%).Trend:Decrease 46.68% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 23.85 (%).Trend:Decrease 29.21% than previous quarter

Overall: decreasing (-62.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.13 (%).Trend:Decrease 4.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.59 (%).Trend:Increase 2.18% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.53 (%).Trend:Decrease 0.28% than previous quarter

Overall: increasing (1.89%). 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 25.46 (%).Trend:Increase 4.17% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.76 (%).Trend:Increase 9.03% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.02 (%).Trend:Increase 4.54% than previous quarter

Overall: increasing (13.98%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 54.34% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.1 (USD).Trend:Increase 110.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.08 (USD).Trend:Increase 46.67% than previous quarter

Overall: increasing (208.0%). Fluctuation: **Significant** (high variation).



Financial data for Q1 to Q3 2023 indicate a complex financial picture.  Working capital efficiency metrics (liabilities and current assets on revenue) show substantial decreases. Cost efficiency (retained earnings to revenue) demonstrates a significant decline.  In contrast, the SG&A expense ratio shows a slight upward trend, and investment efficiency (retained earnings on assets) demonstrates steady increases. Earnings per share exhibit high variability, increasing and decreasing over the period. These findings suggest a dynamic, potentially challenging, financial environment marked by high fluctuation.