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 76.56 (%).Trend:Increase 179.01% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.24 (%).Trend:Decrease 52.66% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.81 (%).Trend:Decrease 34.3% than previous quarter

Overall: decreasing (-68.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 295.38 (%).Trend:Increase 212.6% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 142.55 (%).Trend:Decrease 51.74% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 95.87 (%).Trend:Decrease 32.75% than previous quarter

Overall: decreasing (-67.54%). 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 35.65 (%).Trend:Increase 341.76% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 17.84 (%).Trend:Decrease 49.96% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 12.99 (%).Trend:Decrease 27.19% than previous quarter

Overall: decreasing (-63.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.74 (%).Trend:Increase 4.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.85 (%).Trend:Increase 0.75% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.49 (%).Trend:Decrease 2.42% than previous quarter

Overall: decreasing (-1.7%). 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 6.21 (%).Trend:Increase 42.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.5 (%).Trend:Increase 4.67% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.14 (%).Trend:Increase 9.85% than previous quarter

Overall: increasing (14.98%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.08 (USD).Trend:Decrease 81.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Increase 125.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.41 (USD).Trend:Increase 127.78% than previous quarter

Overall: increasing (412.5%). Fluctuation: **Significant** (high variation).



Key financial indicators from Q1 2023 to Q3 2023 show a mixed performance.  Significant decreases were observed in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, all characterized by substantial volatility.  In contrast, the SG&A expense ratio displayed a minor decrease with low volatility.  Positive trends emerged in retained earnings on assets and earnings per share, with the latter exhibiting exceptionally strong growth and volatility.