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 49.6 (%).Trend:Increase 189.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.2 (%).Trend:Decrease 49.19% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.24 (%).Trend:Decrease 31.59% than previous quarter

Overall: decreasing (-65.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 205.31 (%).Trend:Increase 208.27% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.29 (%).Trend:Decrease 50.18% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 68.65 (%).Trend:Decrease 32.89% than previous quarter

Overall: decreasing (-66.56%). 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 184.06 (%).Trend:Increase 196.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 92.87 (%).Trend:Decrease 49.54% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 64.77 (%).Trend:Decrease 30.26% than previous quarter

Overall: decreasing (-64.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.49 (%).Trend:Increase 1.19% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.02 (%).Trend:Decrease 3.24% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.16 (%).Trend:Increase 1.0% than previous quarter

Overall: decreasing (-2.28%). 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 53.03 (%).Trend:Increase 0.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.31 (%).Trend:Increase 2.41% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 56.61 (%).Trend:Increase 4.23% than previous quarter

Overall: increasing (6.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.8 (USD).Trend:Decrease 54.32% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.85 (USD).Trend:Increase 108.93% than previous quarter
Year 2023 Quarter 3: Earning Per Share 8.78 (USD).Trend:Increase 50.09% than previous quarter

Overall: increasing (213.57%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 reveal a pattern of significant fluctuations in working capital efficiency metrics. Liabilities and current assets on revenue both decrease overall, but demonstrate significant quarter-to-quarter variations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows a substantial overall decline with considerable volatility. The selling, general, and administrative (SG&A) expense ratio displays a minimal overall decline with minor fluctuations. Investment efficiency (retained earnings on assets) shows a clear upward trend with minimal variation. Earnings per share display a notable increase overall, but with significant quarter-to-quarter changes.