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 78.58 (%).Trend:Increase 57.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.31 (%).Trend:Decrease 41.07% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.36 (%).Trend:Decrease 34.44% than previous quarter

Overall: decreasing (-61.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 220.21 (%).Trend:Increase 100.21% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.46 (%).Trend:Decrease 47.11% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 74.36 (%).Trend:Decrease 36.15% than previous quarter

Overall: decreasing (-66.23%). 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 228.4 (%).Trend:Increase 138.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 108.05 (%).Trend:Decrease 52.69% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 66.93 (%).Trend:Decrease 38.06% than previous quarter

Overall: decreasing (-70.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.89 (%).Trend:Decrease 11.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.52 (%).Trend:Decrease 4.16% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.26 (%).Trend:Decrease 3.05% than previous quarter

Overall: decreasing (-7.09%). 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 40.62 (%).Trend:Increase 7.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 38.96 (%).Trend:Decrease 4.09% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 38.76 (%).Trend:Decrease 0.51% than previous quarter

Overall: decreasing (-4.58%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.14 (USD).Trend:Decrease 86.92% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.02 (USD).Trend:Decrease 85.71% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.36 (USD).Trend:Decrease 1900.0% than previous quarter

Overall: increasing (-357.14%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 reveal substantial fluctuations.  Liabilities on revenue decreased significantly from Q1 to Q3.  Current assets on revenue also experienced a substantial decline. Cost efficiency, as measured by the declining SG&A expense ratio, is relatively consistent. The ratio of retained earnings to revenue displays sharp increases and decreases.  Investment efficiency reveals a very slight decrease in retained earnings on assets. Earnings per share, however, show significant fluctuations, initially decreasing before reaching a positive value in Q3.