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 85.01 (%).Trend:Increase 185.56% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.69 (%).Trend:Decrease 52.14% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 27.03 (%).Trend:Decrease 33.57% than previous quarter

Overall: decreasing (-68.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 169.17 (%).Trend:Increase 189.97% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 84.05 (%).Trend:Decrease 50.32% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 57.13 (%).Trend:Decrease 32.03% than previous quarter

Overall: decreasing (-66.23%). 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 105.44 (%).Trend:Increase 201.95% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 55.03 (%).Trend:Decrease 47.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 39.69 (%).Trend:Decrease 27.88% than previous quarter

Overall: decreasing (-62.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.6 (%).Trend:Increase 0.76% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.0 (%).Trend:Decrease 5.66% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.01 (%).Trend:Increase 0.1% than previous quarter

Overall: decreasing (-5.57%). 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 39.71 (%).Trend:Increase 5.78% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 42.52 (%).Trend:Increase 7.08% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 45.06 (%).Trend:Increase 5.97% than previous quarter

Overall: increasing (13.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.66 (USD).Trend:Decrease 45.03% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.02 (USD).Trend:Increase 142.17% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.79 (USD).Trend:Increase 44.03% than previous quarter

Overall: increasing (248.8%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show a mixed picture of financial performance. Working capital efficiency shows a considerable decline, with both liabilities and current assets on revenue decreasing. Cost efficiency also reflects a substantial decline in the ratio of retained earnings to revenue. The SG&A expense ratio remains relatively stable. Investment efficiency shows a steady upward trend in retained earnings on assets. Earnings per share, however, show a notable increase in Q3 2023 after a decline in Q1.