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 49.45 (%).Trend:Increase 228.14% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.32 (%).Trend:Decrease 52.84% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.05 (%).Trend:Decrease 35.46% than previous quarter

Overall: decreasing (-69.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 63.12 (%).Trend:Increase 245.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 34.17 (%).Trend:Decrease 45.87% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 23.71 (%).Trend:Decrease 30.61% than previous quarter

Overall: decreasing (-62.44%). 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 25.95 (%).Trend:Increase 547.13% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 18.46 (%).Trend:Decrease 28.86% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 14.28 (%).Trend:Decrease 22.64% than previous quarter

Overall: decreasing (-44.97%). 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 18.36 (%).Trend:Increase 69.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 24.28 (%).Trend:Increase 32.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 28.37 (%).Trend:Increase 16.85% than previous quarter

Overall: increasing (54.52%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.97 (USD).Trend:Decrease 83.91% than previous quarter
Year 2023 Quarter 2: Earning Per Share 11.04 (USD).Trend:Increase 271.72% than previous quarter
Year 2023 Quarter 3: Earning Per Share 17.38 (USD).Trend:Increase 57.43% than previous quarter

Overall: increasing (485.19%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation, with liabilities on revenue decreasing from 49.45% in Q1 2023 to 15.05% in Q3 2023.  Current assets on revenue also decreased significantly, from 63.12% in Q1 to 23.71% in Q3. Cost efficiency, as measured by the ratio of retained earnings to revenue, is also declining, though less dramatically. Investment efficiency, measured by retained earnings on assets, is increasing steadily. Earnings per share increased substantially from Q1 to Q3 2023.