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 160.63 (%).Trend:Increase 311.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 90.41 (%).Trend:Decrease 43.72% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 68.27 (%).Trend:Decrease 24.49% than previous quarter

Overall: decreasing (-57.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 306.83 (%).Trend:Increase 249.46% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 155.28 (%).Trend:Decrease 49.39% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 111.53 (%).Trend:Decrease 28.17% than previous quarter

Overall: decreasing (-63.65%). 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 221.9 (%).Trend:Increase 195.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 96.14 (%).Trend:Decrease 56.67% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 61.56 (%).Trend:Decrease 35.97% than previous quarter

Overall: decreasing (-72.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.3 (%).Trend:Decrease 0.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.97 (%).Trend:Decrease 2.48% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.9 (%).Trend:Decrease 8.25% than previous quarter

Overall: decreasing (-10.53%). 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 54.8 (%).Trend:Decrease 10.94% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 48.85 (%).Trend:Decrease 10.86% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 45.01 (%).Trend:Decrease 7.86% than previous quarter

Overall: decreasing (-17.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.1 (USD).Trend:Decrease 76.19% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.81 (USD).Trend:Increase 710.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.37 (USD).Trend:Increase 192.59% than previous quarter

Overall: increasing (2270.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 shows decreasing trends in working capital efficiency, cost efficiency, and investment efficiency, with significant fluctuations. Liabilities and current assets on revenue, and the retained earnings to revenue ratio all decreased, albeit with volatility.  SG&A expense ratio showed a consistent downward trend with less significant fluctuations. Earnings per share exhibited substantial increases and decreases across the three quarters.