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 35.0 (%).Trend:Increase 241.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.0 (%).Trend:Decrease 40.0% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 12.74 (%).Trend:Decrease 39.33% than previous quarter

Overall: decreasing (-63.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 118.31 (%).Trend:Increase 168.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.71 (%).Trend:Decrease 43.61% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 48.56 (%).Trend:Decrease 27.21% than previous quarter

Overall: decreasing (-58.96%). 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 174.59 (%).Trend:Increase 108.32% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 87.79 (%).Trend:Decrease 49.72% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 60.93 (%).Trend:Decrease 30.6% than previous quarter

Overall: decreasing (-65.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.14 (%).Trend:Decrease 34.41% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.64 (%).Trend:Decrease 6.14% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.92 (%).Trend:Decrease 9.42% than previous quarter

Overall: decreasing (-14.99%). 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 73.93 (%).Trend:Decrease 4.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 72.69 (%).Trend:Decrease 1.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 75.15 (%).Trend:Increase 3.38% than previous quarter

Overall: increasing (1.65%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.58 (USD).Trend:Increase 460.87% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.66 (USD).Trend:Increase 158.14% than previous quarter
Year 2023 Quarter 3: Earning Per Share 13.31 (USD).Trend:Increase 99.85% than previous quarter

Overall: increasing (415.89%). Fluctuation: **Significant** (high variation).



Q1-Q3 2023 financial statements indicate a complex financial picture.  Significant fluctuations are noted in liabilities and current assets compared to revenue, showing a negative overall trend. The ratio of retained earnings to revenue also declined significantly.  Selling, General, and Administrative expenses (SG&A) decreased slightly, showing a more stable trend.  Investment efficiency showed minor fluctuations, and earnings per share saw a sizable increase throughout the period, suggesting a period of growth.