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 18960.81 (%).Trend:Increase 261.77% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 4504.25 (%).Trend:Decrease 76.24% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 2730.29 (%).Trend:Decrease 39.38% than previous quarter

Overall: decreasing (-85.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 259.21 (%).Trend:Increase 45.89% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 117.48 (%).Trend:Decrease 54.68% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 100.99 (%).Trend:Decrease 14.04% than previous quarter

Overall: decreasing (-61.04%). Fluctuation: **Significant** (high 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 11.86 (%).Trend:Increase 2.24% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.04 (%).Trend:Increase 1.52% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 12.41 (%).Trend:Increase 3.07% than previous quarter

Overall: increasing (4.64%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.07 (USD).Trend:Decrease 143.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.16 (USD).Trend:Increase 101.87% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.26 (USD).Trend:Increase 50.93% than previous quarter

Overall: increasing (204.67%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 shows significant volatility. The ratio of retained earnings to revenue decreased by 85.6%, indicating a sharp decline.  The SG&A expense ratio also decreased significantly, by 61.04%.  In contrast, investment efficiency, as measured by retained earnings on assets, increased by a stable 4.64%. Earnings per share increased substantially by 204.67%.