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 49.6 (%).Trend:Increase 189.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.2 (%).Trend:Decrease 49.19% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.24 (%).Trend:Decrease 31.59% than previous quarter

Overall: decreasing (-65.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 205.31 (%).Trend:Increase 208.27% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.29 (%).Trend:Decrease 50.18% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 68.65 (%).Trend:Decrease 32.89% than previous quarter

Overall: decreasing (-66.56%). 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 184.06 (%).Trend:Increase 196.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 92.87 (%).Trend:Decrease 49.54% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 64.77 (%).Trend:Decrease 30.26% than previous quarter

Overall: decreasing (-64.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.49 (%).Trend:Increase 1.19% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.02 (%).Trend:Decrease 3.24% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.16 (%).Trend:Increase 1.0% than previous quarter

Overall: decreasing (-2.28%). Fluctuation: **Little** (low variation).


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 53.03 (%).Trend:Increase 0.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.31 (%).Trend:Increase 2.41% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 56.61 (%).Trend:Increase 4.23% than previous quarter

Overall: increasing (6.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.8 (USD).Trend:Decrease 54.32% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.85 (USD).Trend:Increase 108.93% than previous quarter
Year 2023 Quarter 3: Earning Per Share 8.78 (USD).Trend:Increase 50.09% than previous quarter

Overall: increasing (213.57%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 indicate a downward trend in working capital efficiency. Liabilities on revenue and current assets on revenue both decrease overall, but with large fluctuations throughout the period.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows a significant decline overall, with major fluctuations.  SG&A expense ratio trends show a slight decrease overall, with minimal variation.  Investment efficiency (retained earnings on assets) shows a steady increase across the period. Earnings per share show a substantial increase overall, with significant variations across the three quarters.