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 70.89 (%).Trend:Increase 170.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.8 (%).Trend:Decrease 52.32% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.96 (%).Trend:Decrease 29.11% than previous quarter

Overall: decreasing (-66.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 145.56 (%).Trend:Increase 177.31% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 68.33 (%).Trend:Decrease 53.06% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 47.92 (%).Trend:Decrease 29.87% than previous quarter

Overall: decreasing (-67.08%). 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 126.75 (%).Trend:Increase 228.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 65.53 (%).Trend:Decrease 48.3% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 45.79 (%).Trend:Decrease 30.12% than previous quarter

Overall: decreasing (-63.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.75 (%).Trend:Increase 8.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.35 (%).Trend:Decrease 3.14% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Increase 0.49% than previous quarter

Overall: decreasing (-2.67%). 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 27.24 (%).Trend:Increase 10.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.06 (%).Trend:Increase 6.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.84 (%).Trend:Increase 2.68% than previous quarter

Overall: increasing (9.54%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.34 (USD).Trend:Decrease 77.92% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.48 (USD).Trend:Increase 159.7% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.17 (USD).Trend:Increase 48.56% than previous quarter

Overall: increasing (285.82%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 show significant variability across various metrics. Working capital efficiency, including liabilities and current assets on revenue, displays a downward trend with substantial fluctuations. Cost efficiency (retained earnings to revenue) also reveals a large downward trend.  Conversely, investment efficiency and SG&A expense ratios show minimal fluctuations, trending downward. Earnings per share exhibits substantial growth, though with significant fluctuations. Further investigation is needed into the driving forces behind these varied results.