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 190.32 (%).Trend:Increase 245.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 87.89 (%).Trend:Decrease 53.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 68.52 (%).Trend:Decrease 22.04% than previous quarter

Overall: decreasing (-64.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 114.55 (%).Trend:Increase 184.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 54.55 (%).Trend:Decrease 52.38% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 36.29 (%).Trend:Decrease 33.47% than previous quarter

Overall: decreasing (-68.32%). 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 131.58 (%).Trend:Increase 201.79% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 64.13 (%).Trend:Decrease 51.26% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 43.05 (%).Trend:Decrease 32.87% than previous quarter

Overall: decreasing (-67.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.4 (%).Trend:Increase 1.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.19 (%).Trend:Decrease 1.14% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.1 (%).Trend:Decrease 0.49% than previous quarter

Overall: decreasing (-1.63%). 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 17.85 (%).Trend:Increase 2.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 16.63 (%).Trend:Decrease 6.83% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 16.34 (%).Trend:Decrease 1.74% than previous quarter

Overall: decreasing (-8.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 84.62% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 200.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



Financial performance in Q1 to Q3 2023 shows a mixed bag. Liabilities on revenue and current assets on revenue are decreasing significantly, with sharp fluctuations.  Cost efficiency, including the ratio of retained earnings to revenue, is also decreasing significantly across the quarters, with high variation.  Selling, general, and administrative (SG&A) expense ratio is consistently decreasing, with little fluctuation.  Investment efficiency (retained earnings on assets) is also decreasing slightly but shows less variation than other metrics.  Earnings per share are increasing overall, but with a significant jump in Q3 2023, following a period of low earnings.