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 90.99 (%).Trend:Increase 267.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.71 (%).Trend:Decrease 49.76% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.02 (%).Trend:Decrease 47.45% than previous quarter

Overall: decreasing (-73.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 204.46 (%).Trend:Increase 229.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 103.27 (%).Trend:Decrease 49.49% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 62.97 (%).Trend:Decrease 39.02% than previous quarter

Overall: decreasing (-69.2%). 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 367.87 (%).Trend:Increase 216.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 182.15 (%).Trend:Decrease 50.49% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 119.01 (%).Trend:Decrease 34.66% than previous quarter

Overall: decreasing (-67.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.01 (%).Trend:Increase 16.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.45 (%).Trend:Decrease 4.87% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.2 (%).Trend:Decrease 4.11% than previous quarter

Overall: decreasing (-8.78%). 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 104.06 (%).Trend:Decrease 1.2% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 103.18 (%).Trend:Decrease 0.85% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 107.8 (%).Trend:Increase 4.48% than previous quarter

Overall: increasing (3.59%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 73.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



The financial statements for 2023 reveal a mixed performance.  Working capital efficiency is declining significantly (liabilities and current assets on revenue both decreasing). Cost efficiency is also decreasing, particularly the ratio of retained earnings to revenue.  However, the selling, general, and administrative (SG&A) expense ratio is decreasing more gradually. Investment efficiency shows a slight positive trend in retained earnings on assets. Earnings per share (EPS) saw a major increase (200%), but these figures show substantial quarterly variation. Overall, the data suggest areas for concern in working capital and cost efficiency while also exhibiting signs of positive growth in EPS, indicating the need for further investigation.