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 67.66 (%).Trend:Increase 147.3% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.15 (%).Trend:Decrease 51.01% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 43.48 (%).Trend:Increase 31.16% than previous quarter

Overall: decreasing (-35.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 184.51 (%).Trend:Increase 210.57% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 83.71 (%).Trend:Decrease 54.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 52.49 (%).Trend:Decrease 37.3% than previous quarter

Overall: decreasing (-71.55%). 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 80.52 (%).Trend:Increase 203.73% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 44.6 (%).Trend:Decrease 44.61% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 33.41 (%).Trend:Decrease 25.09% than previous quarter

Overall: decreasing (-58.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.43 (%).Trend:Decrease 7.24% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.77 (%).Trend:Increase 4.13% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.27 (%).Trend:Increase 1.48% than previous quarter

Overall: increasing (5.67%). 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 22.53 (%).Trend:Decrease 2.04% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 26.32 (%).Trend:Increase 16.82% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.76 (%).Trend:Increase 13.07% than previous quarter

Overall: increasing (32.09%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.37 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.46 (USD).Trend:Increase 79.56% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.32 (USD).Trend:Increase 34.96% than previous quarter

Overall: increasing (142.34%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2023 to Q3 2023 demonstrates significant fluctuations. Liabilities on revenue decreased overall, but with large quarterly variations. Current assets on revenue also decreased substantially, highlighting instability.  Cost efficiency, as measured by the ratio of retained earnings to revenue, showed a substantial overall decrease with significant quarterly changes. Selling, General, and Administrative (SG&A) expense ratios show a modest increase overall, with little variation. Investment efficiency, represented by retained earnings on assets, saw a moderate increase over the period with neutral fluctuation. Earnings per share exhibited a substantial overall increase, though with significant fluctuations.