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 68.87 (%).Trend:Increase 167.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.86 (%).Trend:Decrease 49.38% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.91 (%).Trend:Decrease 25.67% than previous quarter

Overall: decreasing (-62.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 186.54 (%).Trend:Increase 182.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 97.19 (%).Trend:Decrease 47.9% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 64.53 (%).Trend:Decrease 33.6% than previous quarter

Overall: decreasing (-65.41%). 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 264.69 (%).Trend:Increase 177.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 137.7 (%).Trend:Decrease 47.98% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 98.24 (%).Trend:Decrease 28.66% than previous quarter

Overall: decreasing (-62.88%). 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 79.91 (%).Trend:Decrease 4.8% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 80.51 (%).Trend:Increase 0.75% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 84.87 (%).Trend:Increase 5.42% than previous quarter

Overall: increasing (6.21%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 4.33 (USD).Trend:Decrease 43.62% than previous quarter
Year 2023 Quarter 2: Earning Per Share 8.48 (USD).Trend:Increase 95.84% than previous quarter
Year 2023 Quarter 3: Earning Per Share 11.56 (USD).Trend:Increase 36.32% than previous quarter

Overall: increasing (166.97%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 reveal a marked downward trend in working capital efficiency, reflected in substantial decreases in both liabilities and current assets on revenue, coupled with high volatility. Cost efficiency, measured by the ratio of retained earnings to revenue, displays a similar pattern.   Conversely, Invest Efficiency shows a modest but stable upward trend in retained earnings on assets, representing relative stability compared to other metrics. Earnings per share exhibit a strong upward trend overall but with noteworthy quarter-to-quarter fluctuations.