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 185.76 (%).Trend:Increase 175.24% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 65.03 (%).Trend:Decrease 64.99% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.01 (%).Trend:Decrease 38.47% than previous quarter

Overall: decreasing (-78.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 446.35 (%).Trend:Increase 206.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 173.18 (%).Trend:Decrease 61.2% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 108.54 (%).Trend:Decrease 37.33% than previous quarter

Overall: decreasing (-75.68%). 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 191.93 (%).Trend:Increase 287.03% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 88.47 (%).Trend:Decrease 53.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 58.75 (%).Trend:Decrease 33.59% than previous quarter

Overall: decreasing (-69.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.55 (%).Trend:Increase 27.26% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.87 (%).Trend:Decrease 6.45% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.18 (%).Trend:Increase 3.14% than previous quarter

Overall: decreasing (-3.51%). 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 39.05 (%).Trend:Increase 25.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 45.67 (%).Trend:Increase 16.95% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 48.08 (%).Trend:Increase 5.28% than previous quarter

Overall: increasing (23.12%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.5 (USD).Trend:Decrease 78.17% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.81 (USD).Trend:Increase 62.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.36 (USD).Trend:Increase 67.9% than previous quarter

Overall: increasing (172.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 reveal a mixed financial performance.  Working capital efficiency shows substantial decreases in both liabilities and current assets on revenue, with high volatility.  Cost efficiency, measured by the ratio of retained earnings to revenue, also shows a significant decline (69.39%).  Conversely, investment efficiency shows a positive trend with a 23.12% increase in retained earnings on assets.  Earnings per share show significant growth (172%), though considerable fluctuations are noted.  The Selling, General, and Administrative (SG&A) expense ratio is relatively stable.