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 203.25 (%).Trend:Increase 227.51% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 102.34 (%).Trend:Decrease 49.65% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 67.92 (%).Trend:Decrease 33.63% than previous quarter

Overall: decreasing (-66.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 269.17 (%).Trend:Increase 186.38% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 131.39 (%).Trend:Decrease 51.19% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 86.56 (%).Trend:Decrease 34.12% than previous quarter

Overall: decreasing (-67.84%). 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 -178.18 (%).Trend:Increase 148.33% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -81.26 (%).Trend:Decrease 54.39% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -49.58 (%).Trend:Decrease 38.99% than previous quarter

Overall: increasing (-72.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.46 (%).Trend:Decrease 6.3% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.23 (%).Trend:Decrease 2.01% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.59 (%).Trend:Decrease 5.7% than previous quarter

Overall: decreasing (-7.59%). 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 -29.07 (%).Trend:Decrease 11.91% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -27.09 (%).Trend:Decrease 6.81% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -25.33 (%).Trend:Decrease 6.5% than previous quarter

Overall: increasing (-12.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.57 (USD).Trend:Decrease 171.25% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.98 (USD).Trend:Increase 71.93% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.49 (USD).Trend:Increase 52.04% than previous quarter

Overall: increasing (161.4%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal declining working capital efficiency and significant fluctuations. Liabilities and current assets on revenue decreased substantially throughout the period. Cost efficiency shows a significant decrease in the retained earnings to revenue ratio, illustrating a notable trend of volatility. SG&A expenses decreased consistently. Investment efficiency and earnings per share show high volatility, with earnings per share increasing significantly.