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 70.89 (%).Trend:Increase 170.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.8 (%).Trend:Decrease 52.32% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.96 (%).Trend:Decrease 29.11% than previous quarter

Overall: decreasing (-66.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 145.56 (%).Trend:Increase 177.31% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 68.33 (%).Trend:Decrease 53.06% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 47.92 (%).Trend:Decrease 29.87% than previous quarter

Overall: decreasing (-67.08%). 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 126.75 (%).Trend:Increase 228.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 65.53 (%).Trend:Decrease 48.3% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 45.79 (%).Trend:Decrease 30.12% than previous quarter

Overall: decreasing (-63.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.75 (%).Trend:Increase 8.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.35 (%).Trend:Decrease 3.14% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Increase 0.49% than previous quarter

Overall: decreasing (-2.67%). 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 27.24 (%).Trend:Increase 10.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.06 (%).Trend:Increase 6.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.84 (%).Trend:Increase 2.68% than previous quarter

Overall: increasing (9.54%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.34 (USD).Trend:Decrease 77.92% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.48 (USD).Trend:Increase 159.7% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.17 (USD).Trend:Increase 48.56% than previous quarter

Overall: increasing (285.82%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show a largely negative trend. Working capital efficiency, measured by liabilities and current assets on revenue, demonstrates significant decreases, and cost efficiency (retained earnings to revenue) also shows substantial decreases.  The exception is investment efficiency and selling, general, and administrative (SG&A) expense ratio, which exhibit minor fluctuations with a downward trend.  Earnings per share shows a significant upward trend, but with considerable variation quarter over quarter.  Further analysis is necessary to understand the underlying factors.