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 46.22 (%).Trend:Increase 154.52% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.53 (%).Trend:Decrease 46.93% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20.79 (%).Trend:Decrease 15.25% than previous quarter

Overall: decreasing (-55.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 79.75 (%).Trend:Increase 209.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.12 (%).Trend:Decrease 42.17% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.54 (%).Trend:Decrease 18.6% than previous quarter

Overall: decreasing (-52.93%). 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 30.06 (%).Trend:Increase 316.34% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 21.49 (%).Trend:Decrease 28.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 18.8 (%).Trend:Decrease 12.52% than previous quarter

Overall: decreasing (-37.46%). Fluctuation: **Neutral** (moderate 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 18.08 (%).Trend:Increase 49.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.56 (%).Trend:Increase 30.31% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 27.54 (%).Trend:Increase 16.89% than previous quarter

Overall: increasing (52.32%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 90.84% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.33 (USD).Trend:Increase 478.26% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.61 (USD).Trend:Increase 96.24% than previous quarter

Overall: increasing (1034.78%). Fluctuation: **Significant** (high variation).



Q1-Q3 2023 financial data reveal significant volatility in working capital efficiency, with both liabilities and current assets on revenue declining.  Cost efficiency, as measured by the retained earnings ratio, also decreased. However, investment efficiency showed a consistent increase in retained earnings on assets, with a neutral trend. Earnings per share saw substantial growth, despite significant quarter-to-quarter variations.  The overall picture suggests high variability across different financial metrics.