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 52.28 (%).Trend:Increase 183.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.98 (%).Trend:Decrease 52.22% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.5 (%).Trend:Decrease 33.95% than previous quarter

Overall: decreasing (-68.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 250.93 (%).Trend:Increase 194.14% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 122.78 (%).Trend:Decrease 51.07% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 78.83 (%).Trend:Decrease 35.8% than previous quarter

Overall: decreasing (-68.58%). 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 449.03 (%).Trend:Increase 225.5% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 234.44 (%).Trend:Decrease 47.79% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 160.82 (%).Trend:Decrease 31.4% than previous quarter

Overall: decreasing (-64.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.64 (%).Trend:Increase 11.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.38 (%).Trend:Decrease 9.17% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.39 (%).Trend:Decrease 4.42% than previous quarter

Overall: decreasing (-13.19%). 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 67.94 (%).Trend:Increase 7.13% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 70.95 (%).Trend:Increase 4.43% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 74.42 (%).Trend:Increase 4.89% than previous quarter

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

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.19 (USD).Trend:Decrease 107.25% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.77 (USD).Trend:Decrease 505.26% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.79 (USD).Trend:Increase 132.47% than previous quarter

Overall: increasing (-1042.11%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal a period of volatility. Liabilities on revenue show a significant decrease across the three quarters, while current assets on revenue also experienced a decrease. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a substantial decline overall.  The SG&A expense ratio shows a slight decreasing trend. Investment efficiency shows a moderate increase in retained earnings on assets, whereas earning per share is extremely volatile with significant decreases followed by an increase. The period is characterized by substantial variability across multiple financial indicators.