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 85.28 (%).Trend:Increase 200.49% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.16 (%).Trend:Decrease 54.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.18 (%).Trend:Decrease 33.15% than previous quarter

Overall: decreasing (-69.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 176.88 (%).Trend:Increase 225.93% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.72 (%).Trend:Decrease 48.71% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 61.56 (%).Trend:Decrease 32.14% than previous quarter

Overall: decreasing (-65.2%). 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 22.36 (%).Trend:Increase 660.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 14.85 (%).Trend:Decrease 33.59% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 12.03 (%).Trend:Decrease 18.99% than previous quarter

Overall: decreasing (-46.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.28 (%).Trend:Increase 1.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.73 (%).Trend:Increase 7.17% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.19 (%).Trend:Increase 6.84% than previous quarter

Overall: increasing (14.49%). 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 9.12 (%).Trend:Increase 133.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 11.72 (%).Trend:Increase 28.51% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 13.69 (%).Trend:Increase 16.81% than previous quarter

Overall: increasing (50.11%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.51 (USD).Trend:Decrease 76.06% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.99 (USD).Trend:Increase 94.12% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.29 (USD).Trend:Increase 30.3% than previous quarter

Overall: increasing (152.94%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2023 reveal a mixed financial picture. Working capital efficiency shows a negative overall trend.  Liabilities and current assets on revenue declined. Retained earnings to revenue also decreased. The SG&A expense ratio increased steadily. Investment efficiency increased while earnings per share show marked growth, with significant quarterly fluctuation.