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 86.0 (%).Trend:Increase 184.3% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.15 (%).Trend:Decrease 52.15% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.42 (%).Trend:Decrease 38.23% than previous quarter

Overall: decreasing (-70.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 153.0 (%).Trend:Increase 218.75% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.42 (%).Trend:Decrease 52.01% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 48.51 (%).Trend:Decrease 33.93% than previous quarter

Overall: decreasing (-68.29%). 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 119.12 (%).Trend:Increase 228.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 59.68 (%).Trend:Decrease 49.9% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 39.32 (%).Trend:Decrease 34.12% than previous quarter

Overall: decreasing (-66.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.59 (%).Trend:Increase 10.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.92 (%).Trend:Decrease 7.39% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.31 (%).Trend:Increase 1.86% than previous quarter

Overall: decreasing (-5.67%). 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 37.44 (%).Trend:Increase 6.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.69 (%).Trend:Increase 6.01% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 39.15 (%).Trend:Decrease 1.36% than previous quarter

Overall: increasing (4.57%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 67.74% 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 2.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: increasing (100.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 indicate a complex financial picture. Working capital efficiency (liabilities and current assets on revenue) show decreasing trends with substantial fluctuations.  Cost efficiency (retained earnings to revenue) also trends downward with significant volatility.  SG&A expenses show a slight overall decrease with less variation. Investment efficiency (retained earnings on assets) shows a moderate upward trend with little fluctuation.  Earnings per share, however, demonstrate marked volatility with an increasing trend.