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 182.2 (%).Trend:Increase 275.67% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 92.65 (%).Trend:Decrease 49.15% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 62.52 (%).Trend:Decrease 32.52% than previous quarter

Overall: decreasing (-65.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 108.83 (%).Trend:Increase 205.19% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 53.64 (%).Trend:Decrease 50.71% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 33.96 (%).Trend:Decrease 36.69% than previous quarter

Overall: decreasing (-68.8%). 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 403.33 (%).Trend:Increase 221.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 191.1 (%).Trend:Decrease 52.62% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 127.63 (%).Trend:Decrease 33.21% than previous quarter

Overall: decreasing (-68.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.78 (%).Trend:Increase 1.21% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.96 (%).Trend:Increase 1.07% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.48 (%).Trend:Increase 3.07% than previous quarter

Overall: increasing (4.17%). 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 61.17 (%).Trend:Increase 7.54% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 60.64 (%).Trend:Decrease 0.87% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 61.62 (%).Trend:Increase 1.62% than previous quarter

Overall: increasing (0.74%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.37 (USD).Trend:Decrease 55.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.38 (USD).Trend:Increase 73.72% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.32 (USD).Trend:Increase 39.5% than previous quarter

Overall: increasing (142.34%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show consistent but significant volatility. Liabilities on revenue and current assets on revenue both decrease overall, despite substantial quarter-to-quarter variation. Cost efficiency, as measured by the ratio of retained earnings to revenue, also declines significantly. SG&A expense ratio exhibits a consistent and modest increase. Investment efficiency, shown in retained earnings on assets, displays limited fluctuation. Earnings per share exhibit substantial variability, showing a significant increase overall.