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 145.57 (%).Trend:Increase 109.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 81.49 (%).Trend:Decrease 44.02% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 57.57 (%).Trend:Decrease 29.35% than previous quarter

Overall: decreasing (-60.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 215.78 (%).Trend:Increase 427.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.55 (%).Trend:Decrease 58.04% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 33.89 (%).Trend:Decrease 62.57% than previous quarter

Overall: decreasing (-84.29%). 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 127.77 (%).Trend:Decrease 4169.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 82.79 (%).Trend:Decrease 35.2% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 61.01 (%).Trend:Decrease 26.31% than previous quarter

Overall: decreasing (-52.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.84 (%).Trend:Increase 38.54% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.18 (%).Trend:Increase 47.18% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.59 (%).Trend:Increase 9.81% than previous quarter

Overall: increasing (61.62%). Fluctuation: **Neutral** (moderate 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 10.31 (%).Trend:Decrease 875.19% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.42 (%).Trend:Increase 1.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 9.15 (%).Trend:Decrease 12.19% than previous quarter

Overall: decreasing (-11.25%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 3.37 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.18 (USD).Trend:Decrease 5.64% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.34 (USD).Trend:Increase 5.03% than previous quarter

Overall: decreasing (-0.89%). Fluctuation: **Little** (low variation).



Financial statements reveal significant fluctuations in key metrics. Working capital efficiency is significantly declining, with liabilities on revenue decreasing from 145.57% to 57.57% and current assets on revenue decreasing from 215.78% to 33.89%. Cost efficiency, as measured by the ratio of retained earnings to revenue, is also significantly decreasing. SG&A expense ratio is increasing steadily.  Invest efficiency is showing a small decrease in retained earnings on assets. Earning per share is showing slight decrease with little fluctuation.