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 86.0 (%).Trend:Increase 184.3% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.15 (%).Trend:Decrease 52.15% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.42 (%).Trend:Decrease 38.23% than previous quarter

Overall: decreasing (-70.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 153.0 (%).Trend:Increase 218.75% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.42 (%).Trend:Decrease 52.01% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 48.51 (%).Trend:Decrease 33.93% than previous quarter

Overall: decreasing (-68.29%). 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 119.12 (%).Trend:Increase 228.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 59.68 (%).Trend:Decrease 49.9% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 39.32 (%).Trend:Decrease 34.12% than previous quarter

Overall: decreasing (-66.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.59 (%).Trend:Increase 10.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.92 (%).Trend:Decrease 7.39% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.31 (%).Trend:Increase 1.86% than previous quarter

Overall: decreasing (-5.67%). 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 37.44 (%).Trend:Increase 6.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.69 (%).Trend:Increase 6.01% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 39.15 (%).Trend:Decrease 1.36% than previous quarter

Overall: increasing (4.57%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 67.74% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: increasing (100.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal a mixed financial picture.  Working capital efficiency metrics show a negative overall trend with significant volatility in liabilities and current assets on revenue.  Cost efficiency (retained earnings to revenue) displays a strong negative trend and significant fluctuation.  SG&A expenses demonstrate a slight overall decrease with reduced variation. Investment efficiency displays a slight upward trend. Earnings per share show an increasing trend despite volatility.  The performance demonstrates growth but significant instability.