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 750.48 (%).Trend:Increase 83.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 363.35 (%).Trend:Decrease 51.58% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 242.52 (%).Trend:Decrease 33.25% than previous quarter

Overall: decreasing (-67.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.77 (%).Trend:Increase 9.28% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.61 (%).Trend:Decrease 4.24% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.61 (%).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-4.24%). 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 22.94 (%).Trend:Decrease 4.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.3 (%).Trend:Decrease 2.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 21.75 (%).Trend:Decrease 2.47% than previous quarter

Overall: decreasing (-5.19%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.05 (USD).Trend:Decrease 85.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.26 (USD).Trend:Increase 420.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.51 (USD).Trend:Increase 96.15% than previous quarter

Overall: increasing (920.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 reveals substantial fluctuations. The ratio of retained earnings to revenue displays a substantial decrease. SG&A expense ratio shows a minor overall decline. Investment efficiency, as reflected in retained earnings on assets, remains consistently downward, displaying a slight decline overall. Earnings per share demonstrate considerable variation with substantial fluctuations between quarters. Overall, earnings per share show a significant increase.