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 61.36 (%).Trend:Increase 184.34% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.56 (%).Trend:Decrease 53.46% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.98 (%).Trend:Decrease 30.04% than previous quarter

Overall: decreasing (-67.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 106.22 (%).Trend:Increase 223.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 52.86 (%).Trend:Decrease 50.24% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 35.62 (%).Trend:Decrease 32.61% than previous quarter

Overall: decreasing (-66.47%). 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 182.64 (%).Trend:Increase 197.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 99.29 (%).Trend:Decrease 45.64% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 70.52 (%).Trend:Decrease 28.98% than previous quarter

Overall: decreasing (-61.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.56 (%).Trend:Increase 14.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.67 (%).Trend:Increase 1.46% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.92 (%).Trend:Increase 3.26% than previous quarter

Overall: increasing (4.76%). 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 30.12 (%).Trend:Decrease 9.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 32.11 (%).Trend:Increase 6.61% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 33.75 (%).Trend:Increase 5.11% than previous quarter

Overall: increasing (12.05%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.16 (USD).Trend:Decrease 67.78% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.74 (USD).Trend:Increase 136.21% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.52 (USD).Trend:Increase 28.47% than previous quarter

Overall: increasing (203.45%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2023 reveals substantial fluctuations. Working capital efficiency showed both liabilities and current assets decreasing significantly. Cost efficiency shows a considerable decline in the ratio of retained earnings to revenue. The SG&A expense ratio increased slightly. Investment efficiency increased slightly. Earnings per share increased substantially.