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 42.67 (%).Trend:Increase 79.44% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 18.8 (%).Trend:Decrease 55.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.41 (%).Trend:Decrease 12.71% than previous quarter

Overall: decreasing (-61.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 89.08 (%).Trend:Increase 149.73% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 39.94 (%).Trend:Decrease 55.16% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 31.13 (%).Trend:Decrease 22.06% than previous quarter

Overall: decreasing (-65.05%). 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 8.51 (%).Trend:Decrease 7836.36% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 6.08 (%).Trend:Decrease 28.55% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 5.69 (%).Trend:Decrease 6.41% than previous quarter

Overall: decreasing (-33.14%). 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 3.57 (%).Trend:Decrease 3075.0% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 5.35 (%).Trend:Increase 49.86% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.01 (%).Trend:Increase 31.03% than previous quarter

Overall: increasing (96.36%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 26.47% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.49 (USD).Trend:Increase 96.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.88 (USD).Trend:Increase 79.59% than previous quarter

Overall: increasing (252.0%). Fluctuation: **Significant** (high variation).



The financial statements for Q1-Q3 2023 show a continuation of the volatility observed in prior periods.  Working capital efficiency (liabilities and current assets on revenue) reveal significant downward trends, highlighting instability. Cost efficiency (ratio of retained earnings to revenue) decreased with a relatively neutral level of variation.  Investment efficiency shows a notable increase with large fluctuations.  Earnings per share demonstrates a consistent upward trend with significant fluctuations across the period.  The overall picture suggests inconsistent financial performance with increased volatility.