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 93.94 (%).Trend:Increase 208.0% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.02 (%).Trend:Decrease 54.2% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.78 (%).Trend:Decrease 33.1% than previous quarter

Overall: decreasing (-69.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 204.16 (%).Trend:Increase 207.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 98.38 (%).Trend:Decrease 51.81% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 66.5 (%).Trend:Decrease 32.4% than previous quarter

Overall: decreasing (-67.43%). 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 424.83 (%).Trend:Increase 203.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 213.64 (%).Trend:Decrease 49.71% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 141.25 (%).Trend:Decrease 33.88% than previous quarter

Overall: decreasing (-66.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.58 (%).Trend:Increase 7.88% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.48 (%).Trend:Decrease 1.04% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.42 (%).Trend:Decrease 0.63% than previous quarter

Overall: decreasing (-1.67%). 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 67.23 (%).Trend:Increase 0.48% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 68.8 (%).Trend:Increase 2.34% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 69.49 (%).Trend:Increase 1.0% than previous quarter

Overall: increasing (3.36%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.14 (USD).Trend:Decrease 63.46% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.96 (USD).Trend:Increase 71.93% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.37 (USD).Trend:Decrease 30.1% than previous quarter

Overall: increasing (20.18%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 show significant decreases in working capital efficiency, with substantial drops in liabilities and current assets on revenue. Cost efficiency, measured by the ratio of retained earnings to revenue, is also decreasing significantly over the three quarters. The selling, general, and administrative (SG&A) expense ratio shows a small overall decrease, indicating stable cost management. Investment efficiency, as measured by retained earnings on assets, shows a modest increase.  Earnings per share also showed an increase overall, despite substantial fluctuations throughout the period.