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 96.37 (%).Trend:Increase 225.24% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.05 (%).Trend:Decrease 50.14% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.0 (%).Trend:Decrease 35.48% than previous quarter

Overall: decreasing (-67.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 119.06 (%).Trend:Increase 229.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 58.19 (%).Trend:Decrease 51.13% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 37.36 (%).Trend:Decrease 35.8% than previous quarter

Overall: decreasing (-68.62%). 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 83.04 (%).Trend:Increase 220.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 40.99 (%).Trend:Decrease 50.64% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 27.78 (%).Trend:Decrease 32.23% than previous quarter

Overall: decreasing (-66.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.68 (%).Trend:Increase 6.31% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.61 (%).Trend:Decrease 0.45% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.77 (%).Trend:Increase 1.02% than previous quarter

Overall: increasing (0.57%). 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 44.39 (%).Trend:Decrease 2.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.41 (%).Trend:Increase 0.05% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 46.21 (%).Trend:Increase 4.05% than previous quarter

Overall: increasing (4.1%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.53 (USD).Trend:Decrease 75.24% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.84 (USD).Trend:Increase 85.62% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.46 (USD).Trend:Increase 21.83% than previous quarter

Overall: increasing (126.14%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show a predominantly negative trend in working capital and cost efficiency. Liabilities and current assets on revenue, along with the ratio of retained earnings to revenue, decrease significantly, exhibiting substantial variation.  However, the SG&A expense ratio is a modest increase. Investment efficiency is consistently positive with slight fluctuation.  Earnings per share displays a considerable increase overall, despite substantial shifts. The contradictory trends highlight a need for further investigation into the underlying factors.