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 56.39 (%).Trend:Increase 178.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.53 (%).Trend:Decrease 56.5% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.37 (%).Trend:Decrease 29.19% than previous quarter

Overall: decreasing (-69.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 233.77 (%).Trend:Increase 232.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 120.61 (%).Trend:Decrease 48.41% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 82.79 (%).Trend:Decrease 31.36% than previous quarter

Overall: decreasing (-64.58%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.5 (%).Trend:Decrease 5.81% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.06 (%).Trend:Decrease 2.51% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.01 (%).Trend:Decrease 0.29% than previous quarter

Overall: decreasing (-2.8%). 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
Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.77 (USD).Trend:Decrease 61.69% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.84 (USD).Trend:Increase 116.95% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.52 (USD).Trend:Increase 43.75% than previous quarter

Overall: increasing (211.86%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2023 reveals high volatility in working capital efficiency.  Both liabilities and current assets on revenue experienced considerable decreases throughout the period.  Cost efficiency displays a small but consistent decline in SG&A.  Conversely, investment efficiency shows significant variation in earning per share, with substantial gains and losses.