Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 108.61 (%).Trend:Decrease 46.26% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 72.77 (%).Trend:Decrease 33.0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 211.21 (%).Trend:Increase 190.24% than previous quarter

Overall: increasing (94.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 122.21 (%).Trend:Decrease 59.96% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 95.93 (%).Trend:Decrease 21.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 324.97 (%).Trend:Increase 238.76% than previous quarter

Overall: increasing (165.91%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 155.97 (%).Trend:Decrease 48.87% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 107.6 (%).Trend:Decrease 31.01% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 325.51 (%).Trend:Increase 202.52% than previous quarter

Overall: increasing (108.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets 40.49 (%).Trend:Decrease 9.64% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 40.84 (%).Trend:Increase 0.86% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 41.5 (%).Trend:Increase 1.62% than previous quarter

Overall: increasing (2.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.63 (USD).Trend:Increase 62.35% than previous quarter
Year 2020 Quarter 3: Earning Per Share 3.78 (USD).Trend:Increase 43.73% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.43 (USD).Trend:Decrease 62.17% than previous quarter

Overall: decreasing (-45.63%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 show varied performance. Liabilities on revenue decreased slightly, with minor fluctuations. Current assets on revenue increased, with similar minor fluctuations. Cost efficiency, as represented by the Ratio of Retained Earnings to Revenue, declined.  SG&A Expense Ratio increased significantly, showing considerable variability. Invest efficiency decreased slightly, but fluctuations were minor.