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 83.98 (%).Trend:Increase 175.52% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.08 (%).Trend:Decrease 51.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.26 (%).Trend:Decrease 36.08% than previous quarter

Overall: decreasing (-68.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 190.45 (%).Trend:Increase 192.33% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 93.99 (%).Trend:Decrease 50.65% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 59.49 (%).Trend:Decrease 36.71% than previous quarter

Overall: decreasing (-68.76%). 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 156.12 (%).Trend:Increase 184.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 80.29 (%).Trend:Decrease 48.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 55.96 (%).Trend:Decrease 30.3% than previous quarter

Overall: decreasing (-64.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.72 (%).Trend:Decrease 5.72% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.88 (%).Trend:Increase 0.6% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.56 (%).Trend:Increase 2.53% than previous quarter

Overall: increasing (3.14%). 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 43.37 (%).Trend:Decrease 0.73% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 45.46 (%).Trend:Increase 4.82% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 49.25 (%).Trend:Increase 8.34% than previous quarter

Overall: increasing (13.56%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.32 (USD).Trend:Decrease 42.61% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.02 (USD).Trend:Increase 128.79% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.25 (USD).Trend:Increase 40.73% than previous quarter

Overall: increasing (221.97%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue both decreased significantly, but with large quarter-to-quarter variations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also decreased substantially with high variation.  SG&A expense ratio showed a modest increase, with low variation.  Investment efficiency, as measured by retained earnings on assets, increased steadily with little fluctuation. Earnings per share showed substantial growth, with significant quarter-to-quarter variations.