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 327.25 (%).Trend:Increase 108.39% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 150.85 (%).Trend:Decrease 53.9% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 87.44 (%).Trend:Decrease 42.04% than previous quarter

Overall: decreasing (-73.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 83.66 (%).Trend:Increase 83.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 30.72 (%).Trend:Decrease 63.28% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 16.85 (%).Trend:Decrease 45.15% than previous quarter

Overall: decreasing (-79.86%). 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 -60.84 (%).Trend:Increase 214.26% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -20.23 (%).Trend:Decrease 66.75% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -2.72 (%).Trend:Decrease 86.55% than previous quarter

Overall: increasing (-95.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.97 (%).Trend:Decrease 12.54% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.98 (%).Trend:Decrease 12.46% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.19 (%).Trend:Decrease 12.8% than previous quarter

Overall: decreasing (-23.67%). Fluctuation: **Neutral** (moderate 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 -5.34 (%).Trend:Increase 47.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -3.94 (%).Trend:Decrease 26.22% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -0.88 (%).Trend:Decrease 77.66% than previous quarter

Overall: increasing (-83.52%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.19 (USD).Trend:Decrease 97.07% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.61 (USD).Trend:Decrease 947.37% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.55 (USD).Trend:Increase 244.72% than previous quarter

Overall: increasing (-3021.05%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2023 highlight ongoing challenges in working capital and investment efficiency.  Both liabilities on revenue (-73.28%) and current assets on revenue (-79.86%) decreased significantly, with high fluctuation.  Cost efficiency shows a decreasing trend in SG&A expense ratio (-23.67%). However, the ratio of retained earnings to revenue shows a counterintuitive increasing trend despite significant fluctuation (-95.53%).  Investment efficiency, reflected in retained earnings on assets (-83.52%) shows a similar pattern of fluctuation. Finally, earning per share increased substantially (-3021.05%) with significant variation.