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 54.62 (%).Trend:Increase 142.54% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.06 (%).Trend:Decrease 37.64% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.78 (%).Trend:Decrease 30.18% than previous quarter

Overall: decreasing (-56.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 245.08 (%).Trend:Increase 171.71% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 140.27 (%).Trend:Decrease 42.77% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 141.8 (%).Trend:Increase 1.09% than previous quarter

Overall: decreasing (-42.14%). 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 413.02 (%).Trend:Increase 198.25% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 215.48 (%).Trend:Decrease 47.83% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 154.37 (%).Trend:Decrease 28.36% than previous quarter

Overall: decreasing (-62.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.45 (%).Trend:Decrease 8.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.24 (%).Trend:Increase 3.68% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.72 (%).Trend:Increase 2.16% than previous quarter

Overall: increasing (5.92%). 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 74.82 (%).Trend:Increase 10.09% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 73.89 (%).Trend:Decrease 1.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 61.99 (%).Trend:Decrease 16.11% than previous quarter

Overall: decreasing (-17.15%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.59 (USD).Trend:Decrease 57.86% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.41 (USD).Trend:Increase 138.98% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.76 (USD).Trend:Increase 24.82% than previous quarter

Overall: increasing (198.31%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2023 show a mixed picture of financial performance. Working capital efficiency metrics, namely liabilities and current assets on revenue, show significant declines, suggesting a more efficient use of short-term resources. Cost efficiency, measured by the retained earnings-to-revenue ratio, saw significant decrease.  Selling, General, and Administrative (SG&A) expense ratios, however, showed an upward trend.  Investment efficiency, gauged by retained earnings on assets, also experienced a decrease. Finally, earnings per share increased substantially.