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 93.1 (%).Trend:Increase 176.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.29 (%).Trend:Decrease 48.13% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.72 (%).Trend:Decrease 34.31% than previous quarter

Overall: decreasing (-65.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 114.59 (%).Trend:Increase 189.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.68 (%).Trend:Decrease 50.54% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 36.93 (%).Trend:Decrease 34.84% than previous quarter

Overall: decreasing (-67.77%). 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 506.35 (%).Trend:Increase 174.92% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 252.9 (%).Trend:Decrease 50.05% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 169.37 (%).Trend:Decrease 33.03% than previous quarter

Overall: decreasing (-66.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.86 (%).Trend:Decrease 0.32% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.76 (%).Trend:Decrease 0.27% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.86 (%).Trend:Increase 0.27% than previous quarter

Overall: stable (0.0%). 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 149.34 (%).Trend:Decrease 0.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 149.49 (%).Trend:Increase 0.1% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 153.16 (%).Trend:Increase 2.46% than previous quarter

Overall: increasing (2.56%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.45 (USD).Trend:Decrease 78.77% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.05 (USD).Trend:Increase 133.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.91 (USD).Trend:Increase 81.9% than previous quarter

Overall: increasing (324.44%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 exhibit significant fluctuations. Working capital efficiency (liabilities and current assets on revenue) decreased overall with large variations. Cost efficiency, indicated by the retained earnings to revenue ratio, also decreased overall.  SG&A expense ratio remained steady. Investment efficiency (retained earnings on assets) increased slightly, with little change. Earnings per share increased substantially in the period.