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 72.56 (%).Trend:Increase 273.44% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.17 (%).Trend:Decrease 57.04% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.62 (%).Trend:Decrease 37.05% than previous quarter

Overall: decreasing (-72.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 187.14 (%).Trend:Increase 296.06% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 72.38 (%).Trend:Decrease 61.32% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 47.16 (%).Trend:Decrease 34.84% than previous quarter

Overall: decreasing (-74.8%). 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 88.18 (%).Trend:Increase 270.35% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 39.36 (%).Trend:Decrease 55.36% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 27.57 (%).Trend:Decrease 29.95% than previous quarter

Overall: decreasing (-68.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.8 (%).Trend:Increase 37.22% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.93 (%).Trend:Decrease 19.74% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.69 (%).Trend:Decrease 0.86% than previous quarter

Overall: decreasing (-20.43%). Fluctuation: **Neutral** (moderate 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 26.07 (%).Trend:Decrease 7.75% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 30.02 (%).Trend:Increase 15.15% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 30.76 (%).Trend:Increase 2.47% than previous quarter

Overall: increasing (17.99%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 2023 to Q3 2023 highlight significant fluctuations in working capital and cost efficiency. Liabilities and current assets on revenue showed a large decrease and increase pattern, and the ratio of retained earnings to revenue also experienced considerable fluctuations. The SG&A expense ratio exhibited a neutral fluctuation. Investment efficiency exhibited a steady upward trend with little fluctuation.