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 98.07 (%).Trend:Increase 223.56% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.43 (%).Trend:Decrease 53.68% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.08 (%).Trend:Decrease 51.4% than previous quarter

Overall: decreasing (-77.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 207.72 (%).Trend:Increase 241.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 100.55 (%).Trend:Decrease 51.59% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.51 (%).Trend:Decrease 45.79% than previous quarter

Overall: decreasing (-73.76%). 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 275.06 (%).Trend:Increase 260.21% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 124.58 (%).Trend:Decrease 54.71% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 83.69 (%).Trend:Decrease 32.82% than previous quarter

Overall: decreasing (-69.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.7 (%).Trend:Increase 21.84% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.8 (%).Trend:Decrease 11.69% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.27 (%).Trend:Decrease 7.79% than previous quarter

Overall: decreasing (-18.57%). Fluctuation: **Neutral** (moderate 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 25.01 (%).Trend:Increase 3.01% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 25.94 (%).Trend:Increase 3.72% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.0 (%).Trend:Increase 11.8% than previous quarter

Overall: increasing (15.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 90.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 7.0 (USD).Trend:Increase 600.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 14.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (1300.0%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2023 to Q3 2023 showcases a negative trend in several areas. Working capital efficiency, measured by liabilities and current assets on revenue, exhibits significant downward movement across the three quarters, suggesting a deterioration in managing short-term obligations relative to revenue. Cost efficiency, indicated by the ratio of retained earnings to revenue, also shows a substantial overall decline.  Conversely, investment efficiency, measured by retained earnings on assets, presents a positive trend of consistent increase, providing a potential counterpoint. Earnings per share, despite fluctuating, also demonstrates a significant upward trend.  The analysis suggests potential problems in maintaining profitability and asset management but also some signs of improving operational efficiency.