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 95.34 (%).Trend:Increase 170.39% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.23 (%).Trend:Decrease 49.41% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.89 (%).Trend:Decrease 33.88% than previous quarter

Overall: decreasing (-66.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 140.7 (%).Trend:Increase 185.92% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 72.02 (%).Trend:Decrease 48.81% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.35 (%).Trend:Decrease 35.64% than previous quarter

Overall: decreasing (-67.06%). 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 149.22 (%).Trend:Increase 235.4% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 78.16 (%).Trend:Decrease 47.62% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 55.21 (%).Trend:Decrease 29.36% than previous quarter

Overall: decreasing (-63.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.99 (%).Trend:Increase 5.01% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.93 (%).Trend:Increase 5.53% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.67 (%).Trend:Decrease 1.45% than previous quarter

Overall: increasing (4.0%). 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 19.95 (%).Trend:Increase 15.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.01 (%).Trend:Increase 5.31% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.62 (%).Trend:Increase 7.66% than previous quarter

Overall: increasing (13.38%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 60.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (150.0%). Fluctuation: **Significant** (high variation).



Q1 2023 to Q3 2023 shows significant fluctuation in working capital efficiency metrics (Liabilities & Current Assets on Revenue), all decreasing substantially.  Cost efficiency, as measured by the Ratio of Retained Earnings to Revenue, also decreased significantly.  However, SG&A expense remained relatively stable.  Investment efficiency, indicated by Retained Earnings on Assets, increased steadily.  Earnings Per Share also increased significantly.