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 90.17 (%).Trend:Increase 206.39% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.85 (%).Trend:Decrease 45.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.08 (%).Trend:Decrease 34.33% than previous quarter

Overall: decreasing (-64.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 67.75 (%).Trend:Increase 137.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 33.23 (%).Trend:Decrease 50.95% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 34.59 (%).Trend:Increase 4.09% than previous quarter

Overall: decreasing (-48.94%). 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 341.57 (%).Trend:Increase 195.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 173.61 (%).Trend:Decrease 49.17% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 116.58 (%).Trend:Decrease 32.85% than previous quarter

Overall: decreasing (-65.87%). 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 27.31 (%).Trend:Decrease 2.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.03 (%).Trend:Decrease 1.03% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.99 (%).Trend:Decrease 3.85% than previous quarter

Overall: decreasing (-4.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.04 (USD).Trend:Decrease 80.55% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.61 (USD).Trend:Increase 76.96% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.71 (USD).Trend:Increase 58.17% than previous quarter

Overall: increasing (179.9%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 suggest a challenging financial period.  Liabilities and current assets on revenue show substantial, volatile decreases.  Cost efficiency, reflected in the retained earnings-to-revenue ratio, also declined significantly.  While investment efficiency remained relatively stable in its negative trend, earnings per share displayed a significant increase from Q1 to Q3, showing substantial variability. The results indicate a need for thorough analysis to understand the underlying drivers of these changes.