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 204.08 (%).Trend:Increase 219.77% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 100.39 (%).Trend:Decrease 50.81% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 65.51 (%).Trend:Decrease 34.74% than previous quarter

Overall: decreasing (-67.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 305.73 (%).Trend:Increase 234.86% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 125.62 (%).Trend:Decrease 58.91% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 89.15 (%).Trend:Decrease 29.03% than previous quarter

Overall: decreasing (-70.84%). 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 607.87 (%).Trend:Increase 202.66% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 307.93 (%).Trend:Decrease 49.34% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 211.34 (%).Trend:Decrease 31.37% than previous quarter

Overall: decreasing (-65.23%). Fluctuation: **Significant** (high 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 71.16 (%).Trend:Increase 1.21% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 78.45 (%).Trend:Increase 10.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 79.87 (%).Trend:Increase 1.81% than previous quarter

Overall: increasing (12.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.98 (USD).Trend:Decrease 63.16% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.08 (USD).Trend:Increase 104.03% than previous quarter
Year 2023 Quarter 3: Earning Per Share 9.36 (USD).Trend:Increase 53.95% than previous quarter

Overall: increasing (214.09%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 indicate significant volatility in working capital efficiency, with both liabilities and current assets on revenue declining substantially. Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows substantial decrease.  In contrast, investment efficiency, measured by retained earnings on assets, exhibited a mild increase.  Earnings per share also saw substantial growth, although with considerable quarter-to-quarter variation.