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 84.03 (%).Trend:Increase 178.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.1 (%).Trend:Decrease 51.09% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 29.22 (%).Trend:Decrease 28.91% than previous quarter

Overall: decreasing (-65.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 116.89 (%).Trend:Increase 176.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 59.34 (%).Trend:Decrease 49.23% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 41.92 (%).Trend:Decrease 29.36% than previous quarter

Overall: decreasing (-64.14%). 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 -13.14 (%).Trend:Increase 105.96% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -5.32 (%).Trend:Decrease 59.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -2.87 (%).Trend:Decrease 46.05% than previous quarter

Overall: increasing (-78.16%). 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 -2.44 (%).Trend:Decrease 26.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -1.98 (%).Trend:Decrease 18.85% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -1.58 (%).Trend:Decrease 20.2% than previous quarter

Overall: increasing (-35.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



The analysis of Q1-Q3 2023 reveals substantial volatility across key financial metrics. Liabilities and current assets on revenue decreased significantly, while the ratio of retained earnings to revenue and retained earnings on assets increased (negatively).  Conversely, earnings per share demonstrated strong, consistent growth.