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 52.97 (%).Trend:Increase 131.51% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.4 (%).Trend:Decrease 53.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.45 (%).Trend:Decrease 28.48% than previous quarter

Overall: decreasing (-67.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 127.12 (%).Trend:Increase 187.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 59.72 (%).Trend:Decrease 53.02% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 40.64 (%).Trend:Decrease 31.95% than previous quarter

Overall: decreasing (-68.03%). 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 63.19 (%).Trend:Increase 178.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 33.69 (%).Trend:Decrease 46.68% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 23.85 (%).Trend:Decrease 29.21% than previous quarter

Overall: decreasing (-62.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.13 (%).Trend:Decrease 4.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.59 (%).Trend:Increase 2.18% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.53 (%).Trend:Decrease 0.28% than previous quarter

Overall: increasing (1.89%). 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 25.46 (%).Trend:Increase 4.17% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.76 (%).Trend:Increase 9.03% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.02 (%).Trend:Increase 4.54% than previous quarter

Overall: increasing (13.98%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 54.34% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.1 (USD).Trend:Increase 110.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.08 (USD).Trend:Increase 46.67% than previous quarter

Overall: increasing (208.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 reveal a pattern of significant fluctuations in almost all key metrics. Working capital efficiency, assessed through liabilities and current assets on revenue, demonstrates considerable decreases. Cost efficiency, measured by the ratio of retained earnings to revenue, also shows a substantial decrease.  In contrast, SG&A expense ratio displays a minor increase, while investment efficiency shows a consistent upward trend. Earnings per share exhibit substantial growth and decline across the reporting period. This suggests a dynamic and volatile financial environment.