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 115.87 (%).Trend:Increase 221.59% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.26 (%).Trend:Decrease 53.17% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 37.21 (%).Trend:Decrease 31.42% than previous quarter

Overall: decreasing (-67.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 115.63 (%).Trend:Increase 219.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 54.36 (%).Trend:Decrease 52.99% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 34.83 (%).Trend:Decrease 35.93% than previous quarter

Overall: decreasing (-69.88%). 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 70.63 (%).Trend:Increase 262.95% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 38.36 (%).Trend:Decrease 45.69% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 28.58 (%).Trend:Decrease 25.5% than previous quarter

Overall: decreasing (-59.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.11 (%).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.56 (%).Trend:Decrease 4.98% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.27 (%).Trend:Decrease 0.98% than previous quarter

Overall: decreasing (-5.91%). 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 16.62 (%).Trend:Increase 12.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 19.35 (%).Trend:Increase 16.43% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.11 (%).Trend:Increase 14.26% than previous quarter

Overall: increasing (33.03%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.86 (USD).Trend:Decrease 70.62% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.96 (USD).Trend:Increase 166.67% than previous quarter
Year 2023 Quarter 3: Earning Per Share 7.94 (USD).Trend:Increase 60.08% than previous quarter

Overall: increasing (326.88%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 exhibit a mixed performance. Liabilities and current assets on revenue are decreasing, while cost efficiency (ratio of retained earnings to revenue) is also decreasing. However, investment efficiency shows a steady rise. Earnings per share display significant fluctuations, with a net positive increase.