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 85.01 (%).Trend:Increase 185.56% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.69 (%).Trend:Decrease 52.14% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 27.03 (%).Trend:Decrease 33.57% than previous quarter

Overall: decreasing (-68.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 169.17 (%).Trend:Increase 189.97% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 84.05 (%).Trend:Decrease 50.32% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 57.13 (%).Trend:Decrease 32.03% than previous quarter

Overall: decreasing (-66.23%). 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 105.44 (%).Trend:Increase 201.95% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 55.03 (%).Trend:Decrease 47.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 39.69 (%).Trend:Decrease 27.88% than previous quarter

Overall: decreasing (-62.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.6 (%).Trend:Increase 0.76% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.0 (%).Trend:Decrease 5.66% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.01 (%).Trend:Increase 0.1% than previous quarter

Overall: decreasing (-5.57%). 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 39.71 (%).Trend:Increase 5.78% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 42.52 (%).Trend:Increase 7.08% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 45.06 (%).Trend:Increase 5.97% than previous quarter

Overall: increasing (13.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.66 (USD).Trend:Decrease 45.03% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.02 (USD).Trend:Increase 142.17% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.79 (USD).Trend:Increase 44.03% than previous quarter

Overall: increasing (248.8%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 reveal a mixed financial performance.  Significant declines were noted in working capital efficiency (liabilities and current assets on revenue), and cost efficiency (ratio of retained earnings to revenue).  The selling, general, and administrative (SG&A) expense ratio displayed little fluctuation.  Investment efficiency demonstrates a stable upward trend. Earnings per share, however, show a substantial increase in Q3 after a decline in Q1 and an increase in Q2.