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 128.34 (%).Trend:Increase 218.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 97.98 (%).Trend:Decrease 23.66% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 57.16 (%).Trend:Decrease 41.66% than previous quarter

Overall: decreasing (-55.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 86.36 (%).Trend:Increase 229.62% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 36.28 (%).Trend:Decrease 57.99% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 28.34 (%).Trend:Decrease 21.89% than previous quarter

Overall: decreasing (-67.18%). 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 201.39 (%).Trend:Increase 1248.89% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 116.43 (%).Trend:Decrease 42.19% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 76.7 (%).Trend:Decrease 34.12% than previous quarter

Overall: decreasing (-61.91%). 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 17.29 (%).Trend:Increase 139.14% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 15.51 (%).Trend:Decrease 10.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 14.68 (%).Trend:Decrease 5.35% than previous quarter

Overall: decreasing (-15.1%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.49 (USD).Trend:Decrease 81.23% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.32 (USD).Trend:Decrease 34.69% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.37 (USD).Trend:Increase 15.62% than previous quarter

Overall: decreasing (-24.49%). Fluctuation: **Neutral** (moderate variation).



Financial statements from Q1 2023 to Q3 2023 indicate inconsistent performance with significant quarter-to-quarter variations. Liabilities and current assets, when compared to revenue, show a clear downward trend but with large fluctuations. Cost efficiency, measured by the retained earnings-to-revenue ratio, declined significantly throughout the period. Investment efficiency saw a downward trend with low variation, while earnings per share saw a slight decrease overall but with greater volatility.