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 54.62 (%).Trend:Increase 142.54% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.06 (%).Trend:Decrease 37.64% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.78 (%).Trend:Decrease 30.18% than previous quarter

Overall: decreasing (-56.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 245.08 (%).Trend:Increase 171.71% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 140.27 (%).Trend:Decrease 42.77% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 141.8 (%).Trend:Increase 1.09% than previous quarter

Overall: decreasing (-42.14%). 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 413.02 (%).Trend:Increase 198.25% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 215.48 (%).Trend:Decrease 47.83% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 154.37 (%).Trend:Decrease 28.36% than previous quarter

Overall: decreasing (-62.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.45 (%).Trend:Decrease 8.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.24 (%).Trend:Increase 3.68% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.72 (%).Trend:Increase 2.16% than previous quarter

Overall: increasing (5.92%). 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 74.82 (%).Trend:Increase 10.09% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 73.89 (%).Trend:Decrease 1.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 61.99 (%).Trend:Decrease 16.11% than previous quarter

Overall: decreasing (-17.15%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.59 (USD).Trend:Decrease 57.86% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.41 (USD).Trend:Increase 138.98% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.76 (USD).Trend:Increase 24.82% than previous quarter

Overall: increasing (198.31%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2023 reveal a complex financial picture. Liabilities on revenue demonstrate a clear downward trend, suggesting potential improvements in short-term financing.  Current assets on revenue also decrease, although with substantial fluctuations.  Cost efficiency, measured by the retained earnings-to-revenue ratio, exhibits a considerable decline with large quarter-to-quarter variations.  In contrast, SG&A expense ratios show a small increase overall, while investment efficiency, based on retained earnings on assets, declined. Earnings per share, although increasing overall, displays significant fluctuations.