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 49.45 (%).Trend:Increase 228.14% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.32 (%).Trend:Decrease 52.84% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.05 (%).Trend:Decrease 35.46% than previous quarter

Overall: decreasing (-69.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 63.12 (%).Trend:Increase 245.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 34.17 (%).Trend:Decrease 45.87% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 23.71 (%).Trend:Decrease 30.61% than previous quarter

Overall: decreasing (-62.44%). 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 25.95 (%).Trend:Increase 547.13% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 18.46 (%).Trend:Decrease 28.86% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 14.28 (%).Trend:Decrease 22.64% than previous quarter

Overall: decreasing (-44.97%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 18.36 (%).Trend:Increase 69.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 24.28 (%).Trend:Increase 32.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 28.37 (%).Trend:Increase 16.85% than previous quarter

Overall: increasing (54.52%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.97 (USD).Trend:Decrease 83.91% than previous quarter
Year 2023 Quarter 2: Earning Per Share 11.04 (USD).Trend:Increase 271.72% than previous quarter
Year 2023 Quarter 3: Earning Per Share 17.38 (USD).Trend:Increase 57.43% than previous quarter

Overall: increasing (485.19%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 show significant fluctuations in key metrics. Liabilities on revenue decreased from 49.45% to 15.05%, while current assets on revenue similarly decreased from 63.12% to 23.71%. The ratio of retained earnings to revenue also decreased over the period.  Retained earnings on assets, however, exhibited a more consistent upward trend.  Earnings per share increased dramatically, from a relatively low base in Q1 to a high level in Q3.