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 118.75 (%).Trend:Increase 211.68% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 56.64 (%).Trend:Decrease 52.3% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.91 (%).Trend:Decrease 41.9% than previous quarter

Overall: decreasing (-72.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 231.56 (%).Trend:Increase 226.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 120.24 (%).Trend:Decrease 48.07% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 70.68 (%).Trend:Decrease 41.22% than previous quarter

Overall: decreasing (-69.48%). 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 205.78 (%).Trend:Increase 220.18% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 104.54 (%).Trend:Decrease 49.2% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 71.03 (%).Trend:Decrease 32.05% than previous quarter

Overall: decreasing (-65.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.88 (%).Trend:Increase 18.68% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.7 (%).Trend:Decrease 3.38% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.49 (%).Trend:Decrease 3.59% than previous quarter

Overall: decreasing (-6.85%). 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 33.25 (%).Trend:Decrease 21.6% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.37 (%).Trend:Increase 0.36% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 36.05 (%).Trend:Increase 8.03% than previous quarter

Overall: increasing (8.42%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.03 (USD).Trend:Decrease 86.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 94.17% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (288.35%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 of 2023 show a complex financial situation. Liabilities and current assets on revenue decreased substantially over the quarter. Cost efficiency, as measured by the ratio of retained earnings to revenue, exhibited significant decline.  SG&A expense ratio saw a stable decrease, while investment efficiency (retained earnings on assets) showed a slight increase. Earnings per share improved significantly during this period.