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 53.46 (%).Trend:Increase 391.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.48 (%).Trend:Decrease 56.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.72 (%).Trend:Decrease 33.05% than previous quarter

Overall: decreasing (-70.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 234.18 (%).Trend:Increase 430.66% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 113.48 (%).Trend:Decrease 51.54% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 77.46 (%).Trend:Decrease 31.74% than previous quarter

Overall: decreasing (-66.92%). 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 146.22 (%).Trend:Increase 1121.55% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 75.38 (%).Trend:Decrease 48.45% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 54.68 (%).Trend:Decrease 27.46% than previous quarter

Overall: decreasing (-62.6%). 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 32.25 (%).Trend:Increase 93.46% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.18 (%).Trend:Increase 5.98% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 36.03 (%).Trend:Increase 5.41% than previous quarter

Overall: increasing (11.72%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 51.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.28 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.48 (USD).Trend:Increase 71.43% than previous quarter

Overall: increasing (242.86%). Fluctuation: **Significant** (high variation).



Financial data from Q1 to Q3 2023 reveals considerable volatility. Working capital metrics (liabilities and current assets on revenue) decreased significantly, but with substantial quarter-to-quarter variation. Cost efficiency (retained earnings to revenue ratio) also decreased overall, displaying substantial quarter-to-quarter swings. Investment efficiency (retained earnings on assets) increased steadily, with minor fluctuations. Earnings per share increased substantially, yet still showed substantial quarter-to-quarter fluctuations.