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 38.51 (%).Trend:Increase 202.28% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 18.05 (%).Trend:Decrease 53.13% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 11.97 (%).Trend:Decrease 33.68% than previous quarter

Overall: decreasing (-68.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 165.06 (%).Trend:Increase 206.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 84.91 (%).Trend:Decrease 48.56% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 56.23 (%).Trend:Decrease 33.78% than previous quarter

Overall: decreasing (-65.93%). 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 188.69 (%).Trend:Increase 186.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 95.43 (%).Trend:Decrease 49.42% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 64.93 (%).Trend:Decrease 31.96% than previous quarter

Overall: decreasing (-65.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.42 (%).Trend:Decrease 9.53% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.27 (%).Trend:Decrease 0.91% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.08 (%).Trend:Decrease 1.17% than previous quarter

Overall: decreasing (-2.07%). 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 53.8 (%).Trend:Increase 0.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.76 (%).Trend:Increase 1.78% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 55.28 (%).Trend:Increase 0.95% than previous quarter

Overall: increasing (2.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.45 (USD).Trend:Decrease 47.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.92 (USD).Trend:Increase 104.44% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.36 (USD).Trend:Increase 47.83% than previous quarter

Overall: increasing (202.22%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show significant fluctuations in working capital efficiency. Liabilities and current assets on revenue are decreasing, with substantial variations. Cost efficiency reveals a notable drop in the retained earnings-to-revenue ratio, while the selling, general, and administrative (SG&A) expense ratio shows a slight decrease. Investment efficiency indicates a stable increase in retained earnings on assets. Earnings per share experienced a marked increase with significant fluctuations.