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 68.81 (%).Trend:Increase 226.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.25 (%).Trend:Decrease 50.23% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.88 (%).Trend:Decrease 33.2% than previous quarter

Overall: decreasing (-66.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 59.32 (%).Trend:Increase 197.64% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 28.86 (%).Trend:Decrease 51.35% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 19.79 (%).Trend:Decrease 31.43% than previous quarter

Overall: decreasing (-66.64%). 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 57.4 (%).Trend:Increase 178.91% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 28.29 (%).Trend:Decrease 50.71% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 17.59 (%).Trend:Decrease 37.82% than previous quarter

Overall: decreasing (-69.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.96 (%).Trend:Increase 1.01% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.42 (%).Trend:Decrease 2.58% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.23 (%).Trend:Increase 3.97% than previous quarter

Overall: increasing (1.29%). 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 32.72 (%).Trend:Decrease 6.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.38 (%).Trend:Increase 2.02% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 31.47 (%).Trend:Decrease 5.72% than previous quarter

Overall: decreasing (-3.82%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.75 (USD).Trend:Decrease 79.22% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.62 (USD).Trend:Increase 249.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.0 (USD).Trend:Decrease 61.83% than previous quarter

Overall: increasing (33.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal concerning trends. Working capital efficiency, evidenced by liabilities and current assets on revenue, decreased significantly, indicating instability in short-term asset and liability management. Cost efficiency, measured by the ratio of retained earnings to revenue, also declined drastically.  Investment efficiency exhibited minimal variation, with a slight decrease in retained earnings on assets.  Earnings per share exhibited significant volatility, suggesting unpredictable profitability. The SG&A expense ratio showed minor fluctuation, suggesting somewhat stable operational costs.