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 101.54 (%).Trend:Increase 239.49% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 66.95 (%).Trend:Decrease 34.07% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 45.09 (%).Trend:Decrease 32.65% than previous quarter

Overall: decreasing (-55.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 53.82 (%).Trend:Increase 249.93% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 29.92 (%).Trend:Decrease 44.41% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.12 (%).Trend:Decrease 32.75% than previous quarter

Overall: decreasing (-62.62%). 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 -25.27 (%).Trend:Increase 18.69% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -8.11 (%).Trend:Decrease 67.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -0.98 (%).Trend:Decrease 87.92% than previous quarter

Overall: increasing (-96.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -4.33 (%).Trend:Decrease 73.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.05 (%).Trend:Decrease 52.66% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -0.39 (%).Trend:Decrease 80.98% than previous quarter

Overall: increasing (-90.99%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.99 (USD).Trend:Decrease 77.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.33 (USD).Trend:Increase 67.34% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.8 (USD).Trend:Increase 44.14% than previous quarter

Overall: increasing (141.21%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2023 to Q3 2023 reveals significant volatility.  Liabilities on revenue and current assets on revenue decreased overall, but with substantial quarter-to-quarter fluctuations. Cost efficiency, represented by the ratio of retained earnings to revenue, displayed an increasing negative trend with large variations. Investment efficiency, represented by retained earnings on assets, similarly decreased with significant volatility. Earnings per share increased over the period, but again with substantial swings.