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 49.6 (%).Trend:Increase 189.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.2 (%).Trend:Decrease 49.19% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.24 (%).Trend:Decrease 31.59% than previous quarter

Overall: decreasing (-65.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 205.31 (%).Trend:Increase 208.27% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.29 (%).Trend:Decrease 50.18% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 68.65 (%).Trend:Decrease 32.89% than previous quarter

Overall: decreasing (-66.56%). 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 184.06 (%).Trend:Increase 196.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 92.87 (%).Trend:Decrease 49.54% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 64.77 (%).Trend:Decrease 30.26% than previous quarter

Overall: decreasing (-64.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.49 (%).Trend:Increase 1.19% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.02 (%).Trend:Decrease 3.24% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.16 (%).Trend:Increase 1.0% than previous quarter

Overall: decreasing (-2.28%). 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 53.03 (%).Trend:Increase 0.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.31 (%).Trend:Increase 2.41% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 56.61 (%).Trend:Increase 4.23% than previous quarter

Overall: increasing (6.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.8 (USD).Trend:Decrease 54.32% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.85 (USD).Trend:Increase 108.93% than previous quarter
Year 2023 Quarter 3: Earning Per Share 8.78 (USD).Trend:Increase 50.09% than previous quarter

Overall: increasing (213.57%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 indicate a pattern of decreasing working capital efficiency, as liabilities and current assets on revenue decline overall, although with substantial volatility.  Cost efficiency, as measured by the ratio of retained earnings to revenue, similarly shows a significant decrease overall, with substantial volatility. Conversely, the selling, general, and administrative (SG&A) expense ratio displays a minimal overall decline with minor fluctuations. Investment efficiency shows a clear upward trend.  Earnings per share show a considerable overall increase, with noteworthy quarter-to-quarter fluctuations.