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 90.17 (%).Trend:Increase 206.39% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.85 (%).Trend:Decrease 45.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.08 (%).Trend:Decrease 34.33% than previous quarter

Overall: decreasing (-64.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 67.75 (%).Trend:Increase 137.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 33.23 (%).Trend:Decrease 50.95% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 34.59 (%).Trend:Increase 4.09% than previous quarter

Overall: decreasing (-48.94%). 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 341.57 (%).Trend:Increase 195.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 173.61 (%).Trend:Decrease 49.17% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 116.58 (%).Trend:Decrease 32.85% than previous quarter

Overall: decreasing (-65.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 27.31 (%).Trend:Decrease 2.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.03 (%).Trend:Decrease 1.03% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.99 (%).Trend:Decrease 3.85% than previous quarter

Overall: decreasing (-4.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.04 (USD).Trend:Decrease 80.55% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.61 (USD).Trend:Increase 76.96% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.71 (USD).Trend:Increase 58.17% than previous quarter

Overall: increasing (179.9%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2023 indicates a mixed financial performance. Liabilities on revenue, current assets on revenue, and the retained earnings-to-revenue ratio all decreased substantially from Q1 to Q3 2023, demonstrating significant volatility.  Conversely, investment efficiency, as measured by retained earnings on assets, decreased consistently though with little fluctuation.  Earnings per share, however, showed a positive trend of growth across the three quarters, with significant volatility.