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 42.67 (%).Trend:Increase 79.44% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 18.8 (%).Trend:Decrease 55.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.41 (%).Trend:Decrease 12.71% than previous quarter

Overall: decreasing (-61.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 89.08 (%).Trend:Increase 149.73% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 39.94 (%).Trend:Decrease 55.16% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 31.13 (%).Trend:Decrease 22.06% than previous quarter

Overall: decreasing (-65.05%). 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 8.51 (%).Trend:Decrease 7836.36% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 6.08 (%).Trend:Decrease 28.55% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 5.69 (%).Trend:Decrease 6.41% than previous quarter

Overall: decreasing (-33.14%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 3.57 (%).Trend:Decrease 3075.0% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 5.35 (%).Trend:Increase 49.86% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 7.01 (%).Trend:Increase 31.03% than previous quarter

Overall: increasing (96.36%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 26.47% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.49 (USD).Trend:Increase 96.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.88 (USD).Trend:Increase 79.59% than previous quarter

Overall: increasing (252.0%). Fluctuation: **Significant** (high variation).



Q1-Q3 2023 financial statements reveal mixed results. Working capital efficiency, reflected in liabilities and current assets on revenue, show significant decreases.  Cost efficiency (ratio of retained earnings to revenue) shows a decreasing trend with moderate fluctuations. Investment efficiency demonstrates a significant increase, with large fluctuations. Earnings per share also show a clear upward trend, with large fluctuations across the three quarters.  The pattern suggests continued volatility despite some positive signs in earnings per share and investment efficiency.