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 95.97 (%).Trend:Increase 205.93% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.77 (%).Trend:Decrease 49.18% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 36.74 (%).Trend:Decrease 24.67% than previous quarter

Overall: decreasing (-61.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 146.47 (%).Trend:Increase 187.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.8 (%).Trend:Decrease 48.93% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 51.31 (%).Trend:Decrease 31.4% than previous quarter

Overall: decreasing (-64.97%). 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 -8.55 (%).Trend:Increase 123.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -2.66 (%).Trend:Decrease 68.89% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -0.7 (%).Trend:Decrease 73.68% than previous quarter

Overall: increasing (-91.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.81 (%).Trend:Decrease 6.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.89 (%).Trend:Increase 0.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.21 (%).Trend:Increase 1.46% than previous quarter

Overall: increasing (1.83%). 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 -1.78 (%).Trend:Decrease 23.93% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -1.13 (%).Trend:Decrease 36.52% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -0.45 (%).Trend:Decrease 60.18% than previous quarter

Overall: increasing (-74.72%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.05 (USD).Trend:Decrease 16.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.17 (USD).Trend:Increase 240.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.32 (USD).Trend:Increase 88.24% than previous quarter

Overall: increasing (540.0%). Fluctuation: **Significant** (high variation).



Comparing Q1-Q3 2023 financial data across working capital, cost, investment, and earnings, substantial volatility is apparent.  Liabilities and current assets on revenue decreased significantly.  Retained earnings to revenue ratios showed significant variation, increasing in Q1 and decreasing sharply afterward.  SG&A expense ratios increased steadily with minimal fluctuation, indicating potentially sound cost management.  Investment efficiency, measured by retained earnings on assets, declined consistently. Earnings per share, however, experienced significant growth.  This mixed picture of performance requires careful consideration for further analysis, particularly given the high variability across metrics.