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 44.64 (%).Trend:Increase 117.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 20.82 (%).Trend:Decrease 53.36% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.9 (%).Trend:Decrease 18.83% than previous quarter

Overall: decreasing (-62.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 186.04 (%).Trend:Increase 171.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 93.62 (%).Trend:Decrease 49.68% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 62.47 (%).Trend:Decrease 33.27% than previous quarter

Overall: decreasing (-66.42%). 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 277.12 (%).Trend:Increase 178.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 147.54 (%).Trend:Decrease 46.76% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 96.86 (%).Trend:Decrease 34.35% than previous quarter

Overall: decreasing (-65.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.09 (%).Trend:Decrease 13.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.21 (%).Trend:Increase 11.01% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.24 (%).Trend:Increase 2.48% than previous quarter

Overall: increasing (13.76%). 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 44.69 (%).Trend:Increase 6.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.37 (%).Trend:Decrease 0.72% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 43.39 (%).Trend:Decrease 2.21% than previous quarter

Overall: decreasing (-2.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (100.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 shows significant volatility. Liabilities and current assets on revenue declined across the three quarters. The retained earnings to revenue ratio also decreased over the period. The SG&A expense ratio exhibited a slight increase. Retained earnings on assets showed only slight fluctuations with a downward trend. Earnings per share decreased in Q1 2023, but increased significantly to previous levels in Q3 2023.