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 60.74 (%).Trend:Increase 195.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 29.64 (%).Trend:Decrease 51.2% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.41 (%).Trend:Decrease 34.51% than previous quarter

Overall: decreasing (-68.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 62.73 (%).Trend:Increase 194.37% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 31.29 (%).Trend:Decrease 50.12% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.99 (%).Trend:Decrease 32.92% than previous quarter

Overall: decreasing (-66.54%). 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 30.15 (%).Trend:Increase 226.65% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 15.81 (%).Trend:Decrease 47.56% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 11.04 (%).Trend:Decrease 30.17% than previous quarter

Overall: decreasing (-63.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.03 (%).Trend:Increase 1.8% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.99 (%).Trend:Decrease 0.44% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.97 (%).Trend:Decrease 0.22% than previous quarter

Overall: decreasing (-0.66%). 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 24.86 (%).Trend:Increase 11.03% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 25.94 (%).Trend:Increase 4.34% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 27.02 (%).Trend:Increase 4.16% than previous quarter

Overall: increasing (8.69%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 3.0 (USD).Trend:Decrease 62.5% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 9.0 (USD).Trend:Increase 50.0% than previous quarter

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



Financial statements from Q1 2023 to Q3 2023 reveal a mixed picture.  Working capital efficiency (liabilities and current assets) declined significantly, with high variability. Cost efficiency, as measured by the retained earnings-to-revenue ratio, decreased substantially with high variation.  SG&A expense ratio showed a minimal, consistent decline. Investment efficiency, however, shows consistent increases (8.69%) in retained earnings on assets.  Earnings per share saw a significant overall increase (200%), with substantial quarter-to-quarter swings.  This indicates potential instability in profitability and financial health.