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 100.47 (%).Trend:Increase 238.17% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.06 (%).Trend:Decrease 59.13% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20.6 (%).Trend:Decrease 49.83% than previous quarter

Overall: decreasing (-79.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 199.76 (%).Trend:Increase 249.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 91.71 (%).Trend:Decrease 54.09% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 56.5 (%).Trend:Decrease 38.39% than previous quarter

Overall: decreasing (-71.72%). 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 202.25 (%).Trend:Increase 231.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 96.88 (%).Trend:Decrease 52.1% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 66.76 (%).Trend:Decrease 31.09% 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 22.6 (%).Trend:Increase 8.97% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.59 (%).Trend:Decrease 8.89% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.39 (%).Trend:Decrease 0.97% than previous quarter

Overall: decreasing (-9.78%). 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 54.35 (%).Trend:Decrease 1.84% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 56.62 (%).Trend:Increase 4.18% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 61.61 (%).Trend:Increase 8.81% than previous quarter

Overall: increasing (13.36%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.81 (USD).Trend:Decrease 74.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.09 (USD).Trend:Increase 158.02% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.34 (USD).Trend:Increase 59.81% than previous quarter

Overall: increasing (312.35%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 reveal a downward trend in working capital efficiency. Liabilities on revenue decreased significantly from Q1 to Q3.  Current assets on revenue also decreased significantly during the same period. Cost efficiency shows a decrease in the ratio of retained earnings to revenue, with substantial quarter-to-quarter shifts.  Selling, General & Administrative (SG&A) expense ratios are decreasing steadily. Investment efficiency shows a slight increase in retained earnings on assets, with minimal quarter-to-quarter changes. Earnings per share rose dramatically from Q1 to Q3.