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 70.56 (%).Trend:Increase 60.99% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.59 (%).Trend:Decrease 45.31% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.48 (%).Trend:Decrease 26.2% than previous quarter

Overall: decreasing (-59.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 62.29 (%).Trend:Increase 72.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.13 (%).Trend:Decrease 48.42% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 24.64 (%).Trend:Decrease 23.31% than previous quarter

Overall: decreasing (-60.44%). 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 21.51 (%).Trend:Increase 149.25% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 11.51 (%).Trend:Decrease 46.49% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 8.25 (%).Trend:Decrease 28.32% than previous quarter

Overall: decreasing (-61.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.84 (%).Trend:Increase 4.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.38 (%).Trend:Increase 2.72% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.56 (%).Trend:Increase 0.88% than previous quarter

Overall: increasing (3.63%). 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 10.45 (%).Trend:Increase 23.96% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.84 (%).Trend:Increase 3.73% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.07 (%).Trend:Increase 2.12% than previous quarter

Overall: increasing (5.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 22.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (150.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 reveal continued volatility.  Liabilities and current assets on revenue are decreasing sharply. Cost efficiency, as measured by the ratio of retained earnings to revenue, is also decreasing substantially.  The SG&A expense ratio, however, is increasing steadily.  Investment efficiency and earnings per share show overall increasing trends, but with notable quarter-to-quarter variation.