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 90.96 (%).Trend:Increase 158.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.35 (%).Trend:Decrease 54.54% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 34.4 (%).Trend:Decrease 16.81% than previous quarter

Overall: decreasing (-62.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 166.92 (%).Trend:Increase 210.49% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 89.4 (%).Trend:Decrease 46.44% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 64.09 (%).Trend:Decrease 28.31% than previous quarter

Overall: decreasing (-61.6%). 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 570.13 (%).Trend:Increase 199.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 288.98 (%).Trend:Decrease 49.31% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 198.42 (%).Trend:Decrease 31.34% than previous quarter

Overall: decreasing (-65.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.58 (%).Trend:Decrease 0.38% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.58 (%).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.42 (%).Trend:Decrease 1.51% than previous quarter

Overall: decreasing (-1.51%). 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 72.18 (%).Trend:Increase 1.04% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 72.99 (%).Trend:Increase 1.12% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 73.74 (%).Trend:Increase 1.03% than previous quarter

Overall: increasing (2.16%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (300.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1-Q3 of 2023 show a complex financial picture.  Working capital efficiency (liabilities and current assets) declined considerably (-62.18% and -61.6%, respectively), indicating potential liquidity issues. Cost efficiency, represented by the ratio of retained earnings to revenue, decreased dramatically (-65.2%). However, SG&A expense ratios showed only a small decline (-1.51%).  Investment efficiency, measured by retained earnings on assets, increased slightly (2.16%). Earnings per share increased significantly (300%) but demonstrated substantial quarter-to-quarter volatility.