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 52.59 (%).Trend:Increase 137.0% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.81 (%).Trend:Decrease 47.12% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.26 (%).Trend:Decrease 30.74% than previous quarter

Overall: decreasing (-63.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 250.6 (%).Trend:Increase 159.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 131.35 (%).Trend:Decrease 47.59% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 91.29 (%).Trend:Decrease 30.5% than previous quarter

Overall: decreasing (-63.57%). 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 156.98 (%).Trend:Increase 158.49% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 77.66 (%).Trend:Decrease 50.53% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 54.27 (%).Trend:Decrease 30.12% than previous quarter

Overall: decreasing (-65.43%). 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 29.59 (%).Trend:Decrease 0.67% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 28.58 (%).Trend:Decrease 3.41% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 28.99 (%).Trend:Increase 1.43% than previous quarter

Overall: decreasing (-2.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 60.53% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 40.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.51 (USD).Trend:Increase 183.33% than previous quarter

Overall: increasing (70.0%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2023 data reveals a concerning trend of significant decreases in key working capital efficiency metrics: liabilities on revenue (-63.38%), current assets on revenue (-63.57%), and ratio of retained earnings to revenue (-65.43%).  While retained earnings on assets slightly decreased, earnings per share showed a substantial overall increase (70%), despite high volatility.  These contrasting trends demand further investigation.