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 108.92 (%).Trend:Increase 353.27% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.9 (%).Trend:Decrease 55.1% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.68 (%).Trend:Decrease 35.21% than previous quarter

Overall: decreasing (-70.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 216.28 (%).Trend:Increase 284.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.35 (%).Trend:Decrease 52.68% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 69.48 (%).Trend:Decrease 32.12% than previous quarter

Overall: decreasing (-67.87%). 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 92.18 (%).Trend:Increase 256.87% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 44.97 (%).Trend:Decrease 51.22% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 31.6 (%).Trend:Decrease 29.73% than previous quarter

Overall: decreasing (-65.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.47 (%).Trend:Increase 30.44% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.13 (%).Trend:Decrease 8.95% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.96 (%).Trend:Decrease 0.39% than previous quarter

Overall: decreasing (-9.3%). 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 27.73 (%).Trend:Decrease 7.97% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.22 (%).Trend:Increase 5.37% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 31.13 (%).Trend:Increase 6.54% than previous quarter

Overall: increasing (12.26%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 91.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.56 (USD).Trend:Increase 366.67% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.05 (USD).Trend:Increase 87.5% than previous quarter

Overall: increasing (775.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 indicates a downward trend in several key financial metrics.  Liabilities and current assets on revenue are declining.  Cost efficiency, measured by the ratio of retained earnings to revenue, also shows a substantial decrease overall.  SG&A expense ratio decreased slightly overall. Investment efficiency, as measured by retained earnings on assets, increased.  Earnings per share, however, experienced substantial fluctuations, eventually rising significantly.