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 20.17 (%).Trend:Decrease 21.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 9.64 (%).Trend:Decrease 52.21% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 9.44 (%).Trend:Decrease 2.07% than previous quarter

Overall: decreasing (-53.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 103.43 (%).Trend:Increase 169.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.9 (%).Trend:Decrease 51.75% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 29.93 (%).Trend:Decrease 40.02% than previous quarter

Overall: decreasing (-71.06%). 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 661.44 (%).Trend:Increase 441.45% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 406.29 (%).Trend:Decrease 38.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 280.9 (%).Trend:Decrease 30.86% than previous quarter

Overall: decreasing (-57.53%). Fluctuation: **Significant** (high 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 50.3 (%).Trend:Increase 22.89% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 50.78 (%).Trend:Increase 0.95% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 48.29 (%).Trend:Decrease 4.9% than previous quarter

Overall: decreasing (-4.0%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.27 (USD).Trend:Decrease 18.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.26 (USD).Trend:Decrease 3.7% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.32 (USD).Trend:Increase 23.08% than previous quarter

Overall: increasing (18.52%). Fluctuation: **Neutral** (moderate variation).



Financial statements for Q1 2023 to Q3 2023 exhibit substantial fluctuations. Liabilities on revenue decreased significantly (-53.2%). Current assets on revenue also decreased, reflecting a substantial (-71.06%) overall decrease, with extreme volatility. Cost efficiency, as measured by the ratio of retained earnings to revenue, saw a considerable decrease (-57.53%). Investment efficiency showed a small overall decrease (-4%), with minor volatility. Earnings per share, however, increased (18.52%), with moderate fluctuations.  The data emphasizes the need for a thorough analysis of the underlying factors driving these substantial changes.