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 49.03 (%).Trend:Increase 179.21% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.4 (%).Trend:Decrease 50.23% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.39 (%).Trend:Decrease 36.93% than previous quarter

Overall: decreasing (-68.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 112.54 (%).Trend:Increase 170.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 57.22 (%).Trend:Decrease 49.16% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 38.95 (%).Trend:Decrease 31.93% than previous quarter

Overall: decreasing (-65.39%). 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 46.89 (%).Trend:Increase 232.79% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 26.54 (%).Trend:Decrease 43.4% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 20.01 (%).Trend:Decrease 24.6% than previous quarter

Overall: decreasing (-57.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.69 (%).Trend:Decrease 3.9% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.59 (%).Trend:Decrease 0.51% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.22 (%).Trend:Increase 3.22% than previous quarter

Overall: increasing (2.69%). 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 19.84 (%).Trend:Increase 29.84% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.82 (%).Trend:Increase 15.02% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 24.91 (%).Trend:Increase 9.16% than previous quarter

Overall: increasing (25.55%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.1 (USD).Trend:Decrease 54.05% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.54 (USD).Trend:Increase 116.19% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.11 (USD).Trend:Increase 34.58% than previous quarter

Overall: increasing (190.95%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 reveals substantial volatility. Working capital efficiency is declining, with significant fluctuations in liabilities and current assets.  Cost efficiency shows a clear downward trend in the retained earnings to revenue ratio, while SG&A expenses exhibit minimal fluctuation and a slight upward trend.  Investment efficiency demonstrates a steady rise in retained earnings on assets, indicating increasing investment performance. Earnings per share, however, show significant volatility with large percentage increases and decreases.  Overall financial health is marked by inconsistent performance, particularly regarding working capital and earnings.