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 183.38 (%).Trend:Increase 216.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 85.26 (%).Trend:Decrease 53.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 59.36 (%).Trend:Decrease 30.38% than previous quarter

Overall: decreasing (-67.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 213.38 (%).Trend:Increase 180.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 96.52 (%).Trend:Decrease 54.77% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 64.67 (%).Trend:Decrease 33.0% than previous quarter

Overall: decreasing (-69.69%). 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 201.24 (%).Trend:Increase 183.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 105.0 (%).Trend:Decrease 47.82% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 72.3 (%).Trend:Decrease 31.14% than previous quarter

Overall: decreasing (-64.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 26.2 (%).Trend:Increase 3.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.22 (%).Trend:Increase 3.89% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 26.03 (%).Trend:Decrease 4.37% than previous quarter

Overall: decreasing (-0.65%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 3.09 (USD).Trend:Decrease 211.15% than previous quarter
Year 2023 Quarter 2: Earning Per Share 7.85 (USD).Trend:Increase 154.05% than previous quarter
Year 2023 Quarter 3: Earning Per Share 6.44 (USD).Trend:Decrease 17.96% than previous quarter

Overall: increasing (108.41%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 reveal substantial volatility in key performance indicators (KPIs). Liabilities on revenue declined from Q1 to Q3, but the trend was erratic with large percentage changes between quarters. Current assets on revenue also decreased significantly but exhibited a similar volatile pattern.  The ratio of retained earnings to revenue, also showed a marked decrease and substantial quarter-to-quarter fluctuations.  Investment efficiency, measured by retained earnings on assets, showed a minor downward trend with little variation. Earnings per share, though increasing overall, showed drastic fluctuations, with significant increases and decreases between quarters. These findings suggest a need for deeper investigation into the causes of these marked variations in financial performance.