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 92.49 (%).Trend:Increase 83.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.96 (%).Trend:Decrease 47.06% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 33.82 (%).Trend:Decrease 30.92% than previous quarter

Overall: decreasing (-63.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 84.77 (%).Trend:Increase 308.33% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 42.17 (%).Trend:Decrease 50.25% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 31.32 (%).Trend:Decrease 25.73% than previous quarter

Overall: decreasing (-63.05%). 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 -244.45 (%).Trend:Increase 211.64% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -149.41 (%).Trend:Decrease 38.88% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -102.97 (%).Trend:Decrease 31.08% than previous quarter

Overall: increasing (-57.88%). 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 -29.07 (%).Trend:Decrease 38.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -29.3 (%).Trend:Increase 0.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -28.62 (%).Trend:Decrease 2.32% than previous quarter

Overall: increasing (-1.55%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.98 (USD).Trend:Increase 33.78% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.1 (USD).Trend:Increase 6.06% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.3 (USD).Trend:Increase 9.52% than previous quarter

Overall: increasing (16.16%). Fluctuation: **Little** (low variation).



Financial statement analysis of Q1-Q3 2023 reveals significant volatility in working capital efficiency. Liabilities and current assets on revenue show substantial quarter-to-quarter fluctuations and overall decreasing trends. Cost efficiency, reflected in the ratio of retained earnings to revenue, also displays significant volatility.  Investment efficiency, as measured by retained earnings on assets, exhibits similar volatility with an overall increasing trend. Earnings per share demonstrates a stable, positive, and increasing trend.