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 274.86 (%).Trend:Increase 229.02% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 135.82 (%).Trend:Decrease 50.59% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 85.72 (%).Trend:Decrease 36.89% than previous quarter

Overall: decreasing (-68.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 321.28 (%).Trend:Increase 211.26% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 155.51 (%).Trend:Decrease 51.6% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 92.53 (%).Trend:Decrease 40.5% than previous quarter

Overall: decreasing (-71.2%). 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 23.28 (%).Trend:Increase 557.63% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.08 (%).Trend:Increase 54.98% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 27.15 (%).Trend:Decrease 24.75% than previous quarter

Overall: increasing (16.62%). Fluctuation: **Neutral** (moderate 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 3.58 (%).Trend:Increase 111.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.27 (%).Trend:Increase 186.87% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.76 (%).Trend:Increase 14.51% than previous quarter

Overall: increasing (228.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 14.94% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.86 (USD).Trend:Increase 691.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share 7.04 (USD).Trend:Increase 20.14% than previous quarter

Overall: increasing (851.35%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2023 show a decreasing trend in working capital efficiency, with liabilities and current assets on revenue both declining overall.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a somewhat neutral increasing trend, with moderate variation. Investment efficiency shows a positive trend, with retained earnings on assets increasing across all quarters. Earnings per share had an upward trend with significant variation, with substantial increases between quarters. These findings highlight the importance of examining specific performance drivers within each quarter, given the significant fluctuation in most key metrics.