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 64.09 (%).Trend:Increase 191.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.91 (%).Trend:Decrease 56.45% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.6 (%).Trend:Decrease 29.77% than previous quarter

Overall: decreasing (-69.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 83.18 (%).Trend:Increase 213.06% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 42.59 (%).Trend:Decrease 48.8% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 28.8 (%).Trend:Decrease 32.38% than previous quarter

Overall: decreasing (-65.38%). 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 54.25 (%).Trend:Increase 207.89% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 28.11 (%).Trend:Decrease 48.18% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 20.0 (%).Trend:Decrease 28.85% than previous quarter

Overall: decreasing (-63.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.56 (%).Trend:Decrease 6.44% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.73 (%).Trend:Increase 2.25% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.85 (%).Trend:Decrease 11.38% than previous quarter

Overall: decreasing (-9.39%). 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 21.97 (%).Trend:Decrease 0.9% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.65 (%).Trend:Increase 3.1% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 24.16 (%).Trend:Increase 6.67% than previous quarter

Overall: increasing (9.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.58 (USD).Trend:Decrease 78.52% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.36 (USD).Trend:Increase 134.48% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.84 (USD).Trend:Increase 108.82% than previous quarter

Overall: increasing (389.66%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2023 indicates substantial volatility in various financial metrics.  Liabilities and current assets as percentages of revenue show substantial decreases and increases, suggesting considerable working capital instability. Cost efficiency (retained earnings to revenue) also exhibits significant fluctuations.  The SG&A expense ratio displays little fluctuation, trending downward.  Investment efficiency (retained earnings on assets) shows a positive trend, while earnings per share exhibits substantial volatility, increasing considerably from Q1 to Q3.