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 66.75 (%).Trend:Increase 131.85% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.57 (%).Trend:Decrease 42.22% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 27.63 (%).Trend:Decrease 28.36% than previous quarter

Overall: decreasing (-58.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 167.65 (%).Trend:Increase 171.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 88.57 (%).Trend:Decrease 47.17% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 61.11 (%).Trend:Decrease 31.0% than previous quarter

Overall: decreasing (-63.55%). 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 233.97 (%).Trend:Increase 182.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 116.66 (%).Trend:Decrease 50.14% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 79.28 (%).Trend:Decrease 32.04% than previous quarter

Overall: decreasing (-66.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.84 (%).Trend:Increase 8.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.17 (%).Trend:Decrease 2.93% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.71 (%).Trend:Decrease 2.07% than previous quarter

Overall: decreasing (-4.95%). 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 60.87 (%).Trend:Increase 0.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 60.06 (%).Trend:Decrease 1.33% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 61.26 (%).Trend:Increase 2.0% than previous quarter

Overall: increasing (0.64%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.43 (USD).Trend:Decrease 74.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.3 (USD).Trend:Increase 130.77% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.75 (USD).Trend:Increase 74.24% than previous quarter

Overall: increasing (302.1%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal key performance indicators experiencing considerable volatility. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all show substantial decreases, indicating potential issues with working capital efficiency and cost structure. While the SG&A expense ratio demonstrates a relatively stable downward trend, the earnings per share experienced a substantial increase, though with significant quarter-to-quarter variance. Investment efficiency shows low variation with a small overall increase in retained earnings on assets.