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 76.99 (%).Trend:Increase 182.22% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.26 (%).Trend:Decrease 47.71% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.06 (%).Trend:Decrease 30.3% than previous quarter

Overall: decreasing (-63.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 104.53 (%).Trend:Increase 168.51% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 55.3 (%).Trend:Decrease 47.1% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 39.11 (%).Trend:Decrease 29.28% than previous quarter

Overall: decreasing (-62.58%). 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 52.65 (%).Trend:Increase 194.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 26.44 (%).Trend:Decrease 49.78% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 17.85 (%).Trend:Decrease 32.49% than previous quarter

Overall: decreasing (-66.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.02 (%).Trend:Decrease 8.47% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.75 (%).Trend:Decrease 3.85% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.62 (%).Trend:Decrease 1.93% than previous quarter

Overall: decreasing (-5.7%). 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 31.42 (%).Trend:Increase 8.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 30.69 (%).Trend:Decrease 2.32% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 30.19 (%).Trend:Decrease 1.63% than previous quarter

Overall: decreasing (-3.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.39 (USD).Trend:Decrease 60.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.73 (USD).Trend:Increase 96.4% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.01 (USD).Trend:Increase 46.89% than previous quarter

Overall: increasing (188.49%). Fluctuation: **Significant** (high variation).



Q1 2023 to Q3 2023 data reveals continued volatility. Working capital efficiency (liabilities and current assets on revenue) decreased significantly with large fluctuations between quarters.  Cost efficiency, indicated by the ratio of retained earnings to revenue, decreased sharply. SG&A expenses consistently fell with minor variations. Investment efficiency showed a small decline with minimal quarter-to-quarter fluctuation. Earnings per share (EPS) increased considerably in Q3 2023 after declines in Q1. This indicates a period of instability.