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 53.61 (%).Trend:Increase 134.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.82 (%).Trend:Decrease 48.11% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.9 (%).Trend:Decrease 32.06% than previous quarter

Overall: decreasing (-64.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 116.7 (%).Trend:Increase 208.08% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.95 (%).Trend:Decrease 51.2% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 35.62 (%).Trend:Decrease 37.45% than previous quarter

Overall: decreasing (-69.48%). 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 388.62 (%).Trend:Increase 218.57% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 197.31 (%).Trend:Decrease 49.23% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 133.5 (%).Trend:Decrease 32.34% than previous quarter

Overall: decreasing (-65.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.21 (%).Trend:Increase 5.48% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.6 (%).Trend:Decrease 3.02% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.25 (%).Trend:Decrease 1.79% than previous quarter

Overall: decreasing (-4.75%). 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 71.42 (%).Trend:Increase 9.66% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 73.24 (%).Trend:Increase 2.55% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 76.57 (%).Trend:Increase 4.55% than previous quarter

Overall: increasing (7.21%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 show a negative trend for working capital efficiency. Liabilities and current assets on revenue have substantial fluctuations, consistently decreasing. Cost efficiency, reflected by the retained earnings-to-revenue ratio, also demonstrates a decreasing pattern with notable variance.  The Selling, General, and Administrative (SG&A) expense ratio decreases slightly with little variation. Investment efficiency, evidenced by the retained earnings on assets, shows a small increase throughout. Earnings per share exhibit significant fluctuations, but with an overall increasing trend.