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 82.86 (%).Trend:Increase 170.52% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 42.44 (%).Trend:Decrease 48.78% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.45 (%).Trend:Decrease 32.96% than previous quarter

Overall: decreasing (-65.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 128.72 (%).Trend:Increase 177.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 65.51 (%).Trend:Decrease 49.11% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 44.17 (%).Trend:Decrease 32.58% than previous quarter

Overall: decreasing (-65.69%). 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 96.54 (%).Trend:Increase 195.23% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 49.45 (%).Trend:Decrease 48.78% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 34.22 (%).Trend:Decrease 30.8% than previous quarter

Overall: decreasing (-64.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.19 (%).Trend:Increase 1.27% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.13 (%).Trend:Decrease 0.31% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.53 (%).Trend:Increase 2.09% than previous quarter

Overall: increasing (1.77%). 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 47.3 (%).Trend:Increase 3.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 47.36 (%).Trend:Increase 0.13% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 48.35 (%).Trend:Increase 2.09% than previous quarter

Overall: increasing (2.22%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.29 (USD).Trend:Decrease 117.9% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.49 (USD).Trend:Increase 68.97% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.68 (USD).Trend:Increase 38.78% than previous quarter

Overall: increasing (134.48%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 reveals fluctuating results. Working capital efficiency, evidenced by liabilities and current assets on revenue, displays significant decreases and increases. Cost efficiency, measured by retained earnings on revenue, similarly exhibits considerable volatility. SG&A expenses, however, trend upward with little fluctuation. Investment efficiency remains relatively consistent, with modest increases in retained earnings on assets. Earnings per share, despite substantial fluctuations, show a positive trend. Overall, the data suggests the need for further analysis of the business environment and strategic factors influencing these dynamic results.