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 96.37 (%).Trend:Increase 225.24% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.05 (%).Trend:Decrease 50.14% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.0 (%).Trend:Decrease 35.48% than previous quarter

Overall: decreasing (-67.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 119.06 (%).Trend:Increase 229.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 58.19 (%).Trend:Decrease 51.13% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.36 (%).Trend:Decrease 35.8% than previous quarter

Overall: decreasing (-68.62%). 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 83.04 (%).Trend:Increase 220.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 40.99 (%).Trend:Decrease 50.64% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 27.78 (%).Trend:Decrease 32.23% than previous quarter

Overall: decreasing (-66.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.68 (%).Trend:Increase 6.31% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.61 (%).Trend:Decrease 0.45% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.77 (%).Trend:Increase 1.02% than previous quarter

Overall: increasing (0.57%). 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 44.39 (%).Trend:Decrease 2.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.41 (%).Trend:Increase 0.05% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 46.21 (%).Trend:Increase 4.05% than previous quarter

Overall: increasing (4.1%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.53 (USD).Trend:Decrease 75.24% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.84 (USD).Trend:Increase 85.62% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.46 (USD).Trend:Increase 21.83% than previous quarter

Overall: increasing (126.14%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 show a mixed picture of financial performance.  Working capital efficiency and cost efficiency demonstrate a substantial negative overall trend with significant fluctuations.  The SG&A expense ratio, however, shows a modest increase overall. Investment efficiency remains a stable, and moderately increasing trend. Earnings per share also show a significant increase, despite substantial quarterly changes. The conflicting signals point towards a complex situation, requiring further examination.