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 129.62 (%).Trend:Increase 184.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 63.15 (%).Trend:Decrease 51.28% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 42.05 (%).Trend:Decrease 33.41% than previous quarter

Overall: decreasing (-67.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 219.62 (%).Trend:Increase 198.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 103.78 (%).Trend:Decrease 52.75% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 72.45 (%).Trend:Decrease 30.19% than previous quarter

Overall: decreasing (-67.01%). 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 -71.81 (%).Trend:Increase 148.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -31.0 (%).Trend:Decrease 56.83% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -18.31 (%).Trend:Decrease 40.94% than previous quarter

Overall: increasing (-74.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.29 (%).Trend:Decrease 6.41% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.55 (%).Trend:Decrease 3.65% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.28 (%).Trend:Decrease 1.38% than previous quarter

Overall: decreasing (-4.98%). 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 -15.05 (%).Trend:Decrease 11.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -13.91 (%).Trend:Decrease 7.57% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -12.34 (%).Trend:Decrease 11.29% than previous quarter

Overall: increasing (-18.01%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.13 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.35 (USD).Trend:Increase 169.23% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.6 (USD).Trend:Increase 71.43% than previous quarter

Overall: increasing (361.54%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 reveals substantial volatility. Liabilities and current assets on revenue exhibit substantial decreases over the three quarters. Cost efficiency shows a fluctuating ratio of retained earnings to revenue.  SG&A expense ratio shows a consistent decrease. Investment efficiency displays a slight increase in retained earnings on assets, while earnings per share demonstrate a considerable increase, particularly in the latter part of the period.