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 241.92 (%).Trend:Increase 291.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 105.89 (%).Trend:Decrease 56.23% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 59.72 (%).Trend:Decrease 43.6% than previous quarter

Overall: decreasing (-75.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 266.82 (%).Trend:Increase 306.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 126.03 (%).Trend:Decrease 52.77% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 142.3 (%).Trend:Increase 12.91% than previous quarter

Overall: decreasing (-46.67%). 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 891.67 (%).Trend:Increase 360.69% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 428.83 (%).Trend:Decrease 51.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 357.78 (%).Trend:Decrease 16.57% than previous quarter

Overall: decreasing (-59.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.54 (%).Trend:Increase 40.03% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.48 (%).Trend:Decrease 6.75% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.74 (%).Trend:Decrease 2.6% than previous quarter

Overall: decreasing (-9.17%). 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 82.99 (%).Trend:Increase 11.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 84.57 (%).Trend:Increase 1.9% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 89.7 (%).Trend:Increase 6.07% than previous quarter

Overall: increasing (8.09%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 3.0 (USD).Trend:Decrease 28.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter
Year 2023 Quarter 3: Earning Per Share 21.0 (USD).Trend:Increase 320.0% than previous quarter

Overall: increasing (600.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal a mixed financial performance. Key metrics like liabilities and current assets on revenue show a substantial decrease, while cost efficiency (ratio of retained earnings to revenue) also indicates a significant decline.  Selling, general, and administrative (SG&A) expenses show a slight decrease.  Conversely, investment efficiency (retained earnings on assets) and earnings per share exhibit positive trends, especially in the third quarter.  Overall, the significant fluctuations necessitate a deeper dive to understand the underlying causes.