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 66.32 (%).Trend:Increase 264.0% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.43 (%).Trend:Decrease 54.12% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.73 (%).Trend:Decrease 35.16% than previous quarter

Overall: decreasing (-70.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 343.07 (%).Trend:Increase 282.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 174.12 (%).Trend:Decrease 49.25% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 112.31 (%).Trend:Decrease 35.5% than previous quarter

Overall: decreasing (-67.26%). 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 1163.05 (%).Trend:Increase 260.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 578.25 (%).Trend:Decrease 50.28% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 387.58 (%).Trend:Decrease 32.97% than previous quarter

Overall: decreasing (-66.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.82 (%).Trend:Increase 30.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.49 (%).Trend:Decrease 3.05% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.32 (%).Trend:Decrease 1.62% than previous quarter

Overall: decreasing (-4.62%). 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 174.3 (%).Trend:Decrease 8.28% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 166.53 (%).Trend:Decrease 4.46% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 164.67 (%).Trend:Decrease 1.12% than previous quarter

Overall: decreasing (-5.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.87 (USD).Trend:Decrease 74.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.76 (USD).Trend:Increase 101.07% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.63 (USD).Trend:Increase 49.73% than previous quarter

Overall: increasing (201.07%). Fluctuation: **Significant** (high variation).



Financial performance in the first three quarters of 2023 shows a mixed bag of trends. Liabilities and current assets on revenue declined significantly, indicating potential challenges in working capital management.  Similarly, the ratio of retained earnings to revenue decreased substantially.  However, Selling, General, and Administrative (SG&A) expenses experienced a modest decrease and earnings per share saw a substantial increase. Investment Efficiency also shows a slight negative overall trend with low variation. Significant fluctuation is present in most metrics except for SG&A.