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 42.48 (%).Trend:Increase 151.51% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.07 (%).Trend:Decrease 50.4% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 14.77 (%).Trend:Decrease 29.9% than previous quarter

Overall: decreasing (-65.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 130.88 (%).Trend:Increase 177.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.0 (%).Trend:Decrease 48.81% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.29 (%).Trend:Decrease 30.91% than previous quarter

Overall: decreasing (-64.63%). 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 148.39 (%).Trend:Increase 181.95% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 77.44 (%).Trend:Decrease 47.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 53.08 (%).Trend:Decrease 31.46% than previous quarter

Overall: decreasing (-64.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.85 (%).Trend:Decrease 6.08% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.65 (%).Trend:Decrease 1.06% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.5 (%).Trend:Decrease 0.8% than previous quarter

Overall: decreasing (-1.86%). 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 63.72 (%).Trend:Increase 4.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 65.16 (%).Trend:Increase 2.26% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 66.22 (%).Trend:Increase 1.63% than previous quarter

Overall: increasing (3.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 56.8% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



The financial statements reveal significant fluctuations in working capital efficiency, with liabilities and current assets on revenue decreasing substantially over three quarters.  Cost efficiency shows a significant decline in the ratio of retained earnings to revenue.  However, the selling, general, and administrative (SG&A) expense ratio displays a minor decrease.  Investment efficiency shows a modest increase in retained earnings on assets.  Earnings per share demonstrate a substantial increase throughout the three quarters.