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 51.7 (%).Trend:Increase 172.97% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.94 (%).Trend:Decrease 47.89% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.07 (%).Trend:Decrease 32.93% than previous quarter

Overall: decreasing (-65.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 86.13 (%).Trend:Increase 224.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.76 (%).Trend:Decrease 45.71% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 33.38 (%).Trend:Decrease 28.61% than previous quarter

Overall: decreasing (-61.24%). 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 78.3 (%).Trend:Increase 252.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 40.73 (%).Trend:Decrease 47.98% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 28.58 (%).Trend:Decrease 29.83% than previous quarter

Overall: decreasing (-63.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.6 (%).Trend:Increase 1.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.86 (%).Trend:Decrease 2.78% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.91 (%).Trend:Increase 0.19% than previous quarter

Overall: decreasing (-2.59%). 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 32.39 (%).Trend:Increase 13.21% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.75 (%).Trend:Increase 4.2% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 34.67 (%).Trend:Increase 2.73% than previous quarter

Overall: increasing (7.04%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 25.2 (USD).Trend:Decrease 62.13% than previous quarter
Year 2023 Quarter 2: Earning Per Share 51.3 (USD).Trend:Increase 103.57% than previous quarter
Year 2023 Quarter 3: Earning Per Share 70.94 (USD).Trend:Increase 38.28% than previous quarter

Overall: increasing (181.51%). Fluctuation: **Significant** (high variation).



2023 financial statements reveal a negative trend in working capital efficiency, with both liabilities and current assets on revenue declining significantly.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is also experiencing a substantial overall decline.  Conversely, investment efficiency, measured by retained earnings on assets, displays a modest overall increase, but with low volatility. Earnings per share increased substantially from Q1 to Q3 2023, indicating significant positive growth in earnings.