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 70.89 (%).Trend:Increase 170.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.8 (%).Trend:Decrease 52.32% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.96 (%).Trend:Decrease 29.11% than previous quarter

Overall: decreasing (-66.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 145.56 (%).Trend:Increase 177.31% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 68.33 (%).Trend:Decrease 53.06% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 47.92 (%).Trend:Decrease 29.87% than previous quarter

Overall: decreasing (-67.08%). 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 126.75 (%).Trend:Increase 228.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 65.53 (%).Trend:Decrease 48.3% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 45.79 (%).Trend:Decrease 30.12% than previous quarter

Overall: decreasing (-63.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.75 (%).Trend:Increase 8.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.35 (%).Trend:Decrease 3.14% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Increase 0.49% than previous quarter

Overall: decreasing (-2.67%). 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 27.24 (%).Trend:Increase 10.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.06 (%).Trend:Increase 6.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.84 (%).Trend:Increase 2.68% than previous quarter

Overall: increasing (9.54%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.34 (USD).Trend:Decrease 77.92% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.48 (USD).Trend:Increase 159.7% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.17 (USD).Trend:Increase 48.56% than previous quarter

Overall: increasing (285.82%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 financial data reveals significant volatility in most financial indicators. Working capital efficiency (liabilities and current assets on revenue) shows substantial decreases, trending downwards. Cost efficiency, including retained earnings to revenue, exhibits similar significant declines. The exception is investment efficiency, which shows minor fluctuations and a general increasing trend.  Earnings per share demonstrates a notable upward trend, but with considerable quarter-over-quarter variation.  Further investigation is needed to understand the underlying factors.