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 52.43 (%).Trend:Increase 221.07% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.4 (%).Trend:Decrease 55.37% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.08 (%).Trend:Decrease 31.28% than previous quarter

Overall: decreasing (-69.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 159.4 (%).Trend:Increase 260.06% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.67 (%).Trend:Decrease 50.02% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 55.79 (%).Trend:Decrease 29.97% than previous quarter

Overall: decreasing (-65.0%). 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 165.09 (%).Trend:Increase 235.82% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 87.82 (%).Trend:Decrease 46.8% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 61.21 (%).Trend:Decrease 30.3% than previous quarter

Overall: decreasing (-62.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.95 (%).Trend:Increase 3.22% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.75 (%).Trend:Increase 2.97% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.34 (%).Trend:Increase 2.13% than previous quarter

Overall: increasing (5.16%). 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 67.71 (%).Trend:Decrease 0.62% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 70.9 (%).Trend:Increase 4.71% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 71.27 (%).Trend:Increase 0.52% than previous quarter

Overall: increasing (5.26%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.95 (USD).Trend:Decrease 67.69% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.85 (USD).Trend:Increase 94.74% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.44 (USD).Trend:Increase 31.89% than previous quarter

Overall: increasing (156.84%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 indicate significant fluctuations in most key areas. Liabilities on revenue decreased dramatically throughout the period, reflecting a shift in company financing. Current assets on revenue also declined significantly, implying changes in asset management strategies.  Cost efficiency, measured by the ratio of retained earnings to revenue, mirrors the pattern of overall decrease.  In contrast, selling, general, and administrative (SG&A) expenses show a modest, consistent increase. Investment efficiency, represented by retained earnings on assets, shows a minor but mostly steady increase. Earnings per share, however, demonstrate substantial quarterly fluctuations, including a steep decline in Q1 followed by a sharp increase in Q2 and Q3.