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 65.48 (%).Trend:Increase 131.87% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.88 (%).Trend:Decrease 57.42% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.66 (%).Trend:Decrease 29.48% than previous quarter

Overall: decreasing (-69.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 150.4 (%).Trend:Increase 125.86% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.69 (%).Trend:Decrease 54.99% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 45.02 (%).Trend:Decrease 33.49% than previous quarter

Overall: decreasing (-70.07%). 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 347.77 (%).Trend:Increase 101.29% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 175.77 (%).Trend:Decrease 49.46% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 120.4 (%).Trend:Decrease 31.5% than previous quarter

Overall: decreasing (-65.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.76 (%).Trend:Decrease 29.21% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.83 (%).Trend:Increase 1.04% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.83 (%).Trend:Increase 0.0% than previous quarter

Overall: increasing (1.04%). 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 56.53 (%).Trend:Decrease 0.46% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 59.74 (%).Trend:Increase 5.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 61.17 (%).Trend:Increase 2.39% than previous quarter

Overall: increasing (8.21%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.92 (USD).Trend:Decrease 348.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.46 (USD).Trend:Increase 167.39% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.4 (USD).Trend:Increase 38.21% than previous quarter

Overall: increasing (269.57%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal significant fluctuations in working capital efficiency. Liabilities on revenue decreased from Q1 to Q3, while current assets on revenue also decreased.  Cost efficiency, measured by the ratio of retained earnings to revenue, is also trending downward. The SG&A expense ratio shows minimal variation.  Conversely, investment efficiency, measured by retained earnings on assets, has a steady upward trend, with little fluctuation. Finally, earnings per share increased considerably, showing significant quarter-to-quarter variations.