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 147.62 (%).Trend:Increase 204.62% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 67.58 (%).Trend:Decrease 54.22% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 43.69 (%).Trend:Decrease 35.35% than previous quarter

Overall: decreasing (-70.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 129.4 (%).Trend:Increase 195.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.93 (%).Trend:Decrease 48.28% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.21 (%).Trend:Decrease 30.96% than previous quarter

Overall: decreasing (-64.29%). 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 297.94 (%).Trend:Increase 231.04% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 165.33 (%).Trend:Decrease 44.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 120.7 (%).Trend:Decrease 26.99% than previous quarter

Overall: decreasing (-59.49%). Fluctuation: **Significant** (high 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 56.01 (%).Trend:Increase 8.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 58.07 (%).Trend:Increase 3.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 58.86 (%).Trend:Increase 1.36% than previous quarter

Overall: increasing (5.09%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.92 (USD).Trend:Decrease 44.8% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.72 (USD).Trend:Increase 95.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.44 (USD).Trend:Decrease 4.9% than previous quarter

Overall: increasing (86.3%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 indicate a decreasing trend in working capital efficiency, with liabilities and current assets as percentages of revenue declining overall.  Cost efficiency, measured by the ratio of retained earnings to revenue, is also decreasing significantly.  However, investment efficiency shows a positive, albeit modest, increasing trend in retained earnings on assets. Earnings per share, despite some quarter-to-quarter increases, show a rising overall trend. These mixed results suggest potential operational challenges alongside some areas of strength.