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 147.62 (%).Trend:Increase 204.62% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 67.58 (%).Trend:Decrease 54.22% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 43.69 (%).Trend:Decrease 35.35% than previous quarter

Overall: decreasing (-70.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 129.4 (%).Trend:Increase 195.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.93 (%).Trend:Decrease 48.28% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.21 (%).Trend:Decrease 30.96% than previous quarter

Overall: decreasing (-64.29%). 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 297.94 (%).Trend:Increase 231.04% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 165.33 (%).Trend:Decrease 44.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 120.7 (%).Trend:Decrease 26.99% than previous quarter

Overall: decreasing (-59.49%). 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 56.01 (%).Trend:Increase 8.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 58.07 (%).Trend:Increase 3.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 58.86 (%).Trend:Increase 1.36% than previous quarter

Overall: increasing (5.09%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.92 (USD).Trend:Decrease 44.8% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.72 (USD).Trend:Increase 95.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.44 (USD).Trend:Decrease 4.9% than previous quarter

Overall: increasing (86.3%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 show negative trends in working capital efficiency (liabilities and current assets on revenue decreasing significantly). Cost efficiency (retained earnings to revenue ratio) also declines across the three quarters.  Conversely, investment efficiency (retained earnings on assets) displays a modest upward trend, indicating relative stability in asset management. Earnings per share show a fluctuating but overall positive trend.  These mixed signals indicate potential operational challenges needing addressing despite modest improvements in earnings.