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 134.12 (%).Trend:Increase 251.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 66.14 (%).Trend:Decrease 50.69% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 62.6 (%).Trend:Decrease 5.35% than previous quarter

Overall: decreasing (-53.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 225.6 (%).Trend:Increase 236.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 109.56 (%).Trend:Decrease 51.44% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 91.43 (%).Trend:Decrease 16.55% than previous quarter

Overall: decreasing (-59.47%). 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 360.94 (%).Trend:Increase 263.52% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 167.74 (%).Trend:Decrease 53.53% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 115.93 (%).Trend:Decrease 30.89% than previous quarter

Overall: decreasing (-67.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 57.1 (%).Trend:Increase 7.15% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 57.01 (%).Trend:Decrease 0.16% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 58.17 (%).Trend:Increase 2.03% than previous quarter

Overall: increasing (1.87%). 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 70.96 (%).Trend:Increase 7.68% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 69.18 (%).Trend:Decrease 2.51% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 62.78 (%).Trend:Decrease 9.25% than previous quarter

Overall: decreasing (-11.53%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.37 (USD).Trend:Decrease 78.86% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.47 (USD).Trend:Increase 80.29% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.9 (USD).Trend:Increase 17.41% than previous quarter

Overall: increasing (111.68%). Fluctuation: **Significant** (high variation).



Financial statement responses from Q1 2023 to Q3 2023 show a mixed picture of financial performance. Working capital efficiency reveals decreasing trends in liabilities and current assets on revenue, but with significant fluctuations.  Cost efficiency demonstrates a significant decline in the retained earnings-to-revenue ratio, and a slightly increasing trend in SG&A expense ratio. Investment efficiency shows a decrease in retained earnings on assets, while earnings per share experienced substantial growth, but with significant volatility.