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 46.22 (%).Trend:Increase 154.52% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.53 (%).Trend:Decrease 46.93% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 20.79 (%).Trend:Decrease 15.25% than previous quarter

Overall: decreasing (-55.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 79.75 (%).Trend:Increase 209.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.12 (%).Trend:Decrease 42.17% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.54 (%).Trend:Decrease 18.6% than previous quarter

Overall: decreasing (-52.93%). 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 30.06 (%).Trend:Increase 316.34% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 21.49 (%).Trend:Decrease 28.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 18.8 (%).Trend:Decrease 12.52% than previous quarter

Overall: decreasing (-37.46%). 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 18.08 (%).Trend:Increase 49.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.56 (%).Trend:Increase 30.31% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 27.54 (%).Trend:Increase 16.89% than previous quarter

Overall: increasing (52.32%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 90.84% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.33 (USD).Trend:Increase 478.26% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.61 (USD).Trend:Increase 96.24% than previous quarter

Overall: increasing (1034.78%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 reveal significant fluctuations in working capital efficiency. Liabilities on revenue decreased from 46.22% in Q1 to 20.79% in Q3. Current assets on revenue also decreased significantly, mirroring the instability in liabilities. Cost efficiency, measured by the retained earnings ratio, declined overall, though fluctuations were moderate.  Investment efficiency shows a neutral trend with moderate fluctuations. Earnings per share increased significantly, though with significant variation.