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 80.58 (%).Trend:Increase 155.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.2 (%).Trend:Decrease 52.59% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.67 (%).Trend:Decrease 22.33% than previous quarter

Overall: decreasing (-63.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 93.33 (%).Trend:Increase 164.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 44.55 (%).Trend:Decrease 52.27% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 33.62 (%).Trend:Decrease 24.53% than previous quarter

Overall: decreasing (-63.98%). 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 31.75 (%).Trend:Increase 311.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 16.45 (%).Trend:Decrease 48.19% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 11.48 (%).Trend:Decrease 30.21% than previous quarter

Overall: decreasing (-63.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.43 (%).Trend:Increase 0.65% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 35.58 (%).Trend:Increase 0.42% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.79 (%).Trend:Increase 0.59% than previous quarter

Overall: increasing (1.02%). 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 9.67 (%).Trend:Increase 49.46% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.24 (%).Trend:Increase 5.89% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 10.1 (%).Trend:Decrease 1.37% than previous quarter

Overall: increasing (4.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.5 (USD).Trend:Decrease 26.47% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.98 (USD).Trend:Increase 96.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.73 (USD).Trend:Increase 76.53% than previous quarter

Overall: increasing (246.0%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2023 to Q3 2023 indicates significant fluctuations in key performance indicators.  Working capital efficiency, represented by liabilities and current assets relative to revenue, decreased substantially. Cost efficiency, as measured by retained earnings to revenue ratio, also declined sharply.  The SG&A expense ratio showed a minor, steady increase.  Investment efficiency (retained earnings on assets) exhibited a slight upward trend.  Earnings per share experienced a substantial increase, showcasing considerable variability. The data suggests the need for a thorough review of operational efficiency and profitability drivers.