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 108.72 (%).Trend:Increase 77.13% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.44 (%).Trend:Decrease 42.57% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 50.66 (%).Trend:Decrease 18.87% than previous quarter

Overall: decreasing (-53.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 186.5 (%).Trend:Increase 118.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.51 (%).Trend:Decrease 45.03% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 79.25 (%).Trend:Decrease 22.69% than previous quarter

Overall: decreasing (-57.51%). 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 75.49 (%).Trend:Increase 310.72% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.54 (%).Trend:Decrease 51.6% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 25.64 (%).Trend:Decrease 29.83% than previous quarter

Overall: decreasing (-66.04%). 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 20.27 (%).Trend:Increase 40.08% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 19.34 (%).Trend:Decrease 4.59% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 19.05 (%).Trend:Decrease 1.5% than previous quarter

Overall: decreasing (-6.02%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 75.78% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.23 (USD).Trend:Increase 57.69% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.98 (USD).Trend:Increase 60.98% than previous quarter

Overall: increasing (153.85%). Fluctuation: **Significant** (high variation).



Financial performance in 2023 reveals a concerning picture. Working capital efficiency (liabilities and current assets on revenue) is significantly declining, with large swings.  Cost efficiency, measured by the ratio of retained earnings to revenue, is also significantly down, suggesting profitability issues.  Investment efficiency is declining modestly.  Earnings per share, while exhibiting high variability, have increased overall.  This suggests some recovery in earnings, but the overall picture of working capital and cost efficiency needs immediate attention to identify and address the underlying problems.