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 71.35 (%).Trend:Increase 229.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.82 (%).Trend:Decrease 55.4% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.8 (%).Trend:Decrease 25.2% than previous quarter

Overall: decreasing (-66.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 95.1 (%).Trend:Increase 224.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 38.12 (%).Trend:Decrease 59.92% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 27.97 (%).Trend:Decrease 26.63% than previous quarter

Overall: decreasing (-70.59%). 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 117.66 (%).Trend:Increase 317.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 65.45 (%).Trend:Decrease 44.37% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 48.44 (%).Trend:Decrease 25.99% than previous quarter

Overall: decreasing (-58.83%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.26 (%).Trend:Increase 4.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.24 (%).Trend:Increase 5.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.21 (%).Trend:Decrease 0.16% than previous quarter

Overall: increasing (5.2%). 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 45.99 (%).Trend:Increase 19.73% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 52.42 (%).Trend:Increase 13.98% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 54.21 (%).Trend:Increase 3.41% than previous quarter

Overall: increasing (17.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.03 (USD).Trend:Decrease 74.75% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.6 (USD).Trend:Increase 77.34% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.01 (USD).Trend:Increase 39.17% than previous quarter

Overall: increasing (146.8%). Fluctuation: **Significant** (high variation).



The financial statements for 2023 Q1-Q3 reveal significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue both show substantial increases and decreases across the quarters, with overall declines of -66.64% and -70.59%, respectively.  Cost efficiency also exhibits significant volatility, with the ratio of retained earnings to revenue decreasing by -58.83%.  Conversely, the Selling, General & Administrative (SG&A) expense ratio shows a modest increase of 5.2%.  Investment efficiency, measured by retained earnings on assets, shows a steady increase of 17.87%, while earning per share has seen a substantial increase of 146.8% from Q1 to Q3. These fluctuations indicate potential challenges in managing working capital and cost structures, though strong investment and earning growth are present.