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 100.28 (%).Trend:Increase 118.0% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.09 (%).Trend:Decrease 50.05% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 41.51 (%).Trend:Decrease 17.13% than previous quarter

Overall: decreasing (-58.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 135.94 (%).Trend:Increase 211.57% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.61 (%).Trend:Decrease 45.12% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 55.56 (%).Trend:Decrease 25.53% than previous quarter

Overall: decreasing (-59.13%). 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 170.49 (%).Trend:Increase 294.29% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 111.45 (%).Trend:Decrease 34.63% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 74.94 (%).Trend:Decrease 32.76% than previous quarter

Overall: decreasing (-56.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.09 (%).Trend:Increase 12.92% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.7 (%).Trend:Increase 28.71% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.02 (%).Trend:Increase 2.74% than previous quarter

Overall: increasing (32.23%). Fluctuation: **Neutral** (moderate 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 30.48 (%).Trend:Increase 38.67% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.21 (%).Trend:Increase 8.96% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 31.71 (%).Trend:Decrease 4.52% than previous quarter

Overall: increasing (4.04%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 4.22 (USD).Trend:Decrease 26.86% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.65 (USD).Trend:Increase 33.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.38 (USD).Trend:Decrease 4.78% than previous quarter

Overall: increasing (27.49%). Fluctuation: **Neutral** (moderate variation).



Financial statements from Q1 2023 to Q3 2023 reveal mixed trends. Working capital efficiency (liabilities and current assets on revenue) is declining significantly.  Cost efficiency (SG&A expense ratio) is increasing moderately. The ratio of retained earnings to revenue and retained earnings on assets show a substantial decrease and high volatility. Earnings per share are increasing with moderate fluctuation. The data points to inconsistencies in performance across various categories, warranting further investigation.