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 90.17 (%).Trend:Increase 206.39% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.85 (%).Trend:Decrease 45.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.08 (%).Trend:Decrease 34.33% than previous quarter

Overall: decreasing (-64.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 67.75 (%).Trend:Increase 137.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 33.23 (%).Trend:Decrease 50.95% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 34.59 (%).Trend:Increase 4.09% than previous quarter

Overall: decreasing (-48.94%). 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 341.57 (%).Trend:Increase 195.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 173.61 (%).Trend:Decrease 49.17% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 116.58 (%).Trend:Decrease 32.85% than previous quarter

Overall: decreasing (-65.87%). 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 27.31 (%).Trend:Decrease 2.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.03 (%).Trend:Decrease 1.03% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.99 (%).Trend:Decrease 3.85% than previous quarter

Overall: decreasing (-4.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.04 (USD).Trend:Decrease 80.55% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.61 (USD).Trend:Increase 76.96% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.71 (USD).Trend:Increase 58.17% than previous quarter

Overall: increasing (179.9%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 show substantial fluctuations in key performance indicators.  Liabilities and current assets on revenue decreased significantly across the period, while cost efficiency, as reflected in the retained earnings-to-revenue ratio, experienced an even steeper decline.  In contrast, investment efficiency displayed little fluctuation, consistently decreasing. Earnings per share, however, exhibited a considerable rise from Q1 to Q3 2023, with significant variability. This volatile performance warrants a deeper investigation into the root causes.