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 47.17 (%).Trend:Increase 277.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.25 (%).Trend:Decrease 50.71% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.65 (%).Trend:Decrease 32.69% than previous quarter

Overall: decreasing (-66.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 86.2 (%).Trend:Increase 258.27% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 42.86 (%).Trend:Decrease 50.28% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 27.61 (%).Trend:Decrease 35.58% than previous quarter

Overall: decreasing (-67.97%). 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 10.55 (%).Trend:Increase 99.81% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1.09 (%).Trend:Decrease 89.67% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 2.46 (%).Trend:Increase 125.69% than previous quarter

Overall: decreasing (-76.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.28 (%).Trend:Increase 41.86% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.85 (%).Trend:Decrease 1.85% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.1 (%).Trend:Decrease 3.28% than previous quarter

Overall: decreasing (-5.07%). 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 3.91 (%).Trend:Decrease 53.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 0.85 (%).Trend:Decrease 78.26% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 2.96 (%).Trend:Increase 248.24% than previous quarter

Overall: decreasing (-24.3%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.44 (USD).Trend:Decrease 82.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.59 (USD).Trend:Increase 129.1% than previous quarter
Year 2023 Quarter 3: Earning Per Share 9.19 (USD).Trend:Increase 64.4% than previous quarter

Overall: increasing (276.64%). Fluctuation: **Significant** (high variation).



Financial statements from two time periods are analyzed. The first period (Q3 2021 to Q2 2022) shows substantial volatility in working capital efficiency, cost efficiency, and investment efficiency. Earnings per share demonstrate a pattern of increase and decrease with significant variation. The second period (Q1 2023 to Q3 2023) reveals similar volatility in key metrics, including a decreasing trend for working capital, cost, and investment efficiency, although the SG&A expense ratio demonstrates less fluctuation. Earnings per share display a significant increase overall during this period.