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 513.96 (%).Trend:Increase 233.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 258.99 (%).Trend:Decrease 49.61% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 166.95 (%).Trend:Decrease 35.54% than previous quarter

Overall: decreasing (-67.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 441.9 (%).Trend:Increase 130.37% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 174.61 (%).Trend:Decrease 60.49% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 114.59 (%).Trend:Decrease 34.37% than previous quarter

Overall: decreasing (-74.07%). 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 131.84 (%).Trend:Increase 446.83% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 73.93 (%).Trend:Decrease 43.92% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 54.21 (%).Trend:Decrease 26.67% than previous quarter

Overall: decreasing (-58.88%). Fluctuation: **Significant** (high 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 5.91 (%).Trend:Increase 43.45% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.85 (%).Trend:Increase 15.91% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.52 (%).Trend:Increase 9.78% than previous quarter

Overall: increasing (27.24%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.75 (USD).Trend:Decrease 58.63% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.91 (USD).Trend:Increase 66.29% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.1 (USD).Trend:Increase 40.89% than previous quarter

Overall: increasing (134.29%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 data shows significant fluctuations and overall downward trends in liabilities and current assets on revenue, and the ratio of retained earnings to revenue. Retained earnings on assets showed moderate, consistent growth.  Earnings per share, however, experienced a substantial overall increase despite quarterly variations.