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 70.56 (%).Trend:Increase 60.99% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.59 (%).Trend:Decrease 45.31% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.48 (%).Trend:Decrease 26.2% than previous quarter

Overall: decreasing (-59.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 62.29 (%).Trend:Increase 72.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.13 (%).Trend:Decrease 48.42% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 24.64 (%).Trend:Decrease 23.31% than previous quarter

Overall: decreasing (-60.44%). 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 21.51 (%).Trend:Increase 149.25% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 11.51 (%).Trend:Decrease 46.49% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 8.25 (%).Trend:Decrease 28.32% than previous quarter

Overall: decreasing (-61.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.84 (%).Trend:Increase 4.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.38 (%).Trend:Increase 2.72% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.56 (%).Trend:Increase 0.88% than previous quarter

Overall: increasing (3.63%). 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 10.45 (%).Trend:Increase 23.96% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.84 (%).Trend:Increase 3.73% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.07 (%).Trend:Increase 2.12% than previous quarter

Overall: increasing (5.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 22.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (150.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show a continued period of volatility. Liabilities and current assets on revenue decrease significantly across the three quarters. Cost efficiency, measured by the ratio of retained earnings to revenue, shows a substantial downward trend with significant fluctuations. The SG&A expense ratio has a mild upward trend with minimal variation. Investment efficiency and earnings per share increase overall, though with notable quarter-to-quarter changes.