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 94.43 (%).Trend:Increase 194.27% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 42.05 (%).Trend:Decrease 55.47% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.69 (%).Trend:Decrease 31.77% than previous quarter

Overall: decreasing (-69.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 332.0 (%).Trend:Increase 200.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 163.52 (%).Trend:Decrease 50.75% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 116.19 (%).Trend:Decrease 28.94% than previous quarter

Overall: decreasing (-65.0%). 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 213.0 (%).Trend:Increase 228.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 111.16 (%).Trend:Decrease 47.81% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 77.72 (%).Trend:Decrease 30.08% than previous quarter

Overall: decreasing (-63.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.97 (%).Trend:Increase 1.4% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.88 (%).Trend:Decrease 1.13% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.93 (%).Trend:Increase 0.63% than previous quarter

Overall: decreasing (-0.5%). 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 31.19 (%).Trend:Increase 5.62% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.74 (%).Trend:Increase 8.18% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 34.36 (%).Trend:Increase 1.84% than previous quarter

Overall: increasing (10.16%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 82.96% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.88 (USD).Trend:Increase 282.61% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.32 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (473.91%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 reveals a significant decrease in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, pointing to considerable financial volatility.  The Selling, General & Administrative (SG&A) Expense Ratio remained relatively stable.  Conversely, earnings per share increased dramatically, and retained earnings on assets exhibited a modest, consistent increase.