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 51.08 (%).Trend:Increase 205.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 22.61 (%).Trend:Decrease 55.74% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.37 (%).Trend:Decrease 27.6% than previous quarter

Overall: decreasing (-67.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 189.11 (%).Trend:Increase 317.09% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 77.72 (%).Trend:Decrease 58.9% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 56.86 (%).Trend:Decrease 26.84% than previous quarter

Overall: decreasing (-69.93%). 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 1064.34 (%).Trend:Increase 226.32% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 542.81 (%).Trend:Decrease 49.0% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 368.99 (%).Trend:Decrease 32.02% than previous quarter

Overall: decreasing (-65.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.39 (%).Trend:Increase 5.35% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.34 (%).Trend:Decrease 0.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.49 (%).Trend:Increase 1.12% than previous quarter

Overall: increasing (0.75%). 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 106.57 (%).Trend:Decrease 1.45% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 112.28 (%).Trend:Increase 5.36% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 112.06 (%).Trend:Decrease 0.2% than previous quarter

Overall: increasing (5.15%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.46 (USD).Trend:Decrease 75.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.37 (USD).Trend:Increase 197.83% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.86 (USD).Trend:Increase 35.77% than previous quarter

Overall: increasing (304.35%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 reveal significant downward trends in working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue), despite notable fluctuations.  SG&A expense ratio, however, shows a slight increase. Investment efficiency is increasing with minimal variation.  Earnings per share experienced a substantial upward trend.