Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 21.96 (%).Trend:Decrease 50.06% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 43.97 (%).Trend:Increase 211.18% than previous quarter

Overall: increasing (55.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 83.86 (%).Trend:Decrease 48.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 164.37 (%).Trend:Increase 275.36% than previous quarter

Overall: increasing (91.5%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 148.61 (%).Trend:Decrease 49.76% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 295.78 (%).Trend:Increase 310.41% than previous quarter

Overall: increasing (106.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.62 (%).Trend:Increase 3.12% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.48 (%).Trend:Decrease 6.67% than previous quarter

Overall: decreasing (-3.75%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 81.17 (%).Trend:Increase 1.6% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 79.89 (%).Trend:Increase 8.43% than previous quarter

Overall: increasing (10.17%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 10.28 (USD).Trend:Increase 129.98% than previous quarter
Year 2023 Quarter 1: Earning Per Share 4.47 (USD).Trend:Decrease 81.3% than previous quarter

Overall: decreasing (-56.99%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased significantly (55.41%) in the period, while current assets on revenue also increased substantially (91.5%).  Cost efficiency reveals a decrease in SG&A expense ratio (-3.75%), while the ratio of retained earnings to revenue increased significantly (106.2%). Investment efficiency shows a slight increase in retained earnings on assets (10.17%) with little fluctuation.  Earnings per share, however, decreased significantly (-56.99%).  Overall, the financial performance exhibits considerable volatility, especially in working capital, cost, and earnings.