Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 40.73 (%).Trend:Increase 204.64% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 19.15 (%).Trend:Decrease 52.98% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 12.41 (%).Trend:Decrease 35.2% than previous quarter

Overall: decreasing (-69.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 97.46 (%).Trend:Increase 239.82% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 47.4 (%).Trend:Decrease 51.36% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 29.28 (%).Trend:Decrease 38.23% than previous quarter

Overall: decreasing (-69.96%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 200.67 (%).Trend:Increase 137.23% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 99.4 (%).Trend:Decrease 50.47% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 69.62 (%).Trend:Decrease 29.96% than previous quarter

Overall: decreasing (-65.31%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets 40.66 (%).Trend:Decrease 15.04% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 41.27 (%).Trend:Increase 1.5% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 42.79 (%).Trend:Increase 3.68% than previous quarter

Overall: increasing (5.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 2.76 (USD).Trend:Decrease 62.19% than previous quarter
Year 2022 Quarter 2: Earning Per Share 6.0 (USD).Trend:Increase 117.39% than previous quarter
Year 2023 Quarter 3: Earning Per Share 9.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (226.09%). Fluctuation: **Significant** (high variation).



The financial statements show significant fluctuations in working capital efficiency indicators. Liabilities on revenue and current assets on revenue decreased from Q1 2022 to Q3 2023. Cost efficiency, as measured by the ratio of retained earnings to revenue, also decreased significantly.  However, retained earnings on assets saw a slight upward trend.  Earnings per share increased significantly over the period.