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 90.8 (%).Trend:Increase 213.97% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 44.55 (%).Trend:Decrease 50.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.94 (%).Trend:Decrease 35.04% than previous quarter

Overall: decreasing (-68.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 158.54 (%).Trend:Increase 195.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 81.21 (%).Trend:Decrease 48.78% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.17 (%).Trend:Decrease 33.3% than previous quarter

Overall: decreasing (-65.83%). 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 -54.68 (%).Trend:Increase 184.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -25.0 (%).Trend:Decrease 54.28% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -16.14 (%).Trend:Decrease 35.44% than previous quarter

Overall: increasing (-70.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.36 (%).Trend:Increase 7.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.68 (%).Trend:Increase 1.84% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.7 (%).Trend:Increase 0.11% than previous quarter

Overall: increasing (1.96%). 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 -15.22 (%).Trend:Decrease 2.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -13.73 (%).Trend:Decrease 9.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -13.37 (%).Trend:Decrease 2.62% than previous quarter

Overall: increasing (-12.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.32 (USD).Trend:Decrease 25.58% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.81 (USD).Trend:Increase 153.13% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.2 (USD).Trend:Increase 48.15% than previous quarter

Overall: increasing (275.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation in both liabilities and current assets on revenue from Q1 to Q3 2023. Liabilities on revenue increased by 213.97% in Q1, decreased by 50.94% in Q2, and then further decreased by 35.04% in Q3, resulting in a -68.13% overall decrease. Current assets on revenue increased by 195.78% in Q1, decreased by 48.78% in Q2, and then decreased by 33.3% in Q3, resulting in a -65.83% overall decrease. Cost efficiency shows significant fluctuation with the ratio of retained earnings to revenue increasing by 184.2% in Q1, decreasing by 54.28% in Q2, and decreasing further by 35.44% in Q3, leading to an overall -70.48% increase. The SG&A expense ratio increased steadily, with a 1.96% overall increase. Invest efficiency also shows a significant fluctuation with retained earnings on assets decreasing by 2.31%, 9.79%, and 2.62% respectively in the three quarters. An overall decrease of -12.16% is observed. Lastly, earnings per share showed a significant increase of 275% from Q1 to Q3 2023.