Working Capital Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Current assets on Revenue

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 3811.66 (%).Trend:Increase 142.91% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1813.04 (%).Trend:Decrease 52.43% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 1207.08 (%).Trend:Decrease 33.42% than previous quarter

Overall: decreasing (-68.33%). 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 3.45 (%).Trend:Increase 32.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.65 (%).Trend:Increase 5.8% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 3.82 (%).Trend:Increase 4.66% than previous quarter

Overall: increasing (10.72%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.04 (USD).Trend:Decrease 75.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.09 (USD).Trend:Increase 125.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.15 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (275.0%). Fluctuation: **Significant** (high variation).



The financial analysis for Q1 2023 to Q3 2023 shows significant fluctuations.  Retained earnings as a percentage of revenue decreased substantially, from over 3800% in Q1 to under 1200% in Q3.  This trend is concerning.  However, retained earnings on assets show a steady, though modest, upward trend. Earnings per share also saw significant fluctuations, increasing from Q1 to Q3, but beginning at a much lower base than previous periods. Further investigation into the causes of these fluctuations is needed.  Working capital efficiency, cost efficiency, and investment efficiency are not detailed sufficiently for assessment.  SG&A expense ratio data is also absent.