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 143.14 (%).Trend:Increase 90.14% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 91.19 (%).Trend:Decrease 36.29% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 96.67 (%).Trend:Increase 6.01% than previous quarter

Overall: decreasing (-32.46%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 71.4 (%).Trend:Increase 195.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 52.69 (%).Trend:Decrease 26.2% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 29.32 (%).Trend:Decrease 44.35% than previous quarter

Overall: decreasing (-58.94%). 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 224.18 (%).Trend:Decrease 1196.23% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 203.86 (%).Trend:Decrease 9.06% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 150.04 (%).Trend:Decrease 26.4% than previous quarter

Overall: decreasing (-33.07%). Fluctuation: **Neutral** (moderate 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 13.24 (%).Trend:Decrease 286.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 18.13 (%).Trend:Increase 36.93% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 18.11 (%).Trend:Decrease 0.11% than previous quarter

Overall: increasing (36.78%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 4.22 (USD).Trend:Decrease 162.06% than previous quarter
Year 2023 Quarter 2: Earning Per Share 7.13 (USD).Trend:Increase 68.96% than previous quarter
Year 2023 Quarter 3: Earning Per Share 7.34 (USD).Trend:Increase 2.95% than previous quarter

Overall: increasing (73.93%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 reveal a pattern of mixed financial performance.  Liability-to-revenue ratios show a slight overall decrease with moderate variation.  Current assets-to-revenue ratios experienced a sharp decrease, with significant volatility. Cost efficiency, as measured by retained earnings to revenue, also decreased overall with moderate variation. Investment efficiency increased overall with moderate variation. Earnings per share showed a substantial increase overall, but with significant fluctuations throughout the period. These mixed signals point to a possible improvement in profitability, but potentially challenging asset management practices.