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 65.13 (%).Trend:Increase 167.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.88 (%).Trend:Decrease 55.66% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.01 (%).Trend:Decrease 16.86% than previous quarter

Overall: decreasing (-63.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 82.41 (%).Trend:Increase 180.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 37.6 (%).Trend:Decrease 54.37% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 29.84 (%).Trend:Decrease 20.64% than previous quarter

Overall: decreasing (-63.79%). 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 3.91 (%).Trend:Decrease 249.81% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 4.44 (%).Trend:Increase 13.55% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 4.31 (%).Trend:Decrease 2.93% than previous quarter

Overall: increasing (10.23%). Fluctuation: **Little** (low 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 0.64 (%).Trend:Decrease 151.61% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 1.45 (%).Trend:Increase 126.56% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 2.09 (%).Trend:Increase 44.14% than previous quarter

Overall: increasing (226.56%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.19 (USD).Trend:Decrease 78.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.39 (USD).Trend:Increase 105.26% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.56 (USD).Trend:Increase 43.59% than previous quarter

Overall: increasing (194.74%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 show a mixed picture. Working capital efficiency, encompassing liabilities and current assets on revenue, is trending downward despite large fluctuations.  Cost efficiency, as reflected in the ratio of retained earnings to revenue, reveals a slight upward trend with minimal variation.  Investment efficiency and earnings per share exhibit a considerable upward trend yet substantial quarter-to-quarter volatility.