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 112.99 (%).Trend:Increase 187.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.34 (%).Trend:Decrease 51.02% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 37.36 (%).Trend:Decrease 32.49% than previous quarter

Overall: decreasing (-66.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 192.64 (%).Trend:Increase 202.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.02 (%).Trend:Decrease 53.27% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 61.84 (%).Trend:Decrease 31.3% than previous quarter

Overall: decreasing (-67.9%). 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 118.32 (%).Trend:Increase 208.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 54.41 (%).Trend:Decrease 54.01% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 38.16 (%).Trend:Decrease 29.87% than previous quarter

Overall: decreasing (-67.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.67 (%).Trend:Increase 13.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.36 (%).Trend:Decrease 2.27% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.74 (%).Trend:Increase 2.84% than previous quarter

Overall: increasing (0.51%). 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 23.62 (%).Trend:Increase 1.9% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.32 (%).Trend:Decrease 1.27% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 24.43 (%).Trend:Increase 4.76% than previous quarter

Overall: increasing (3.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.45 (USD).Trend:Decrease 88.34% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.68 (USD).Trend:Increase 51.11% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.11 (USD).Trend:Increase 63.24% than previous quarter

Overall: increasing (146.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2023 indicate significant volatility in key financial metrics. Working capital efficiency displays a substantial decrease in both liabilities and current assets on revenue. Cost efficiency, measured by the ratio of retained earnings to revenue, also decreases substantially. Selling, General & Administrative (SG&A) expense shows little change. Investment efficiency and earnings per share show inconsistent increases and decreases. Overall, the data suggests a need for a thorough analysis to understand the reasons behind the significant fluctuations.