Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 136.33 (%).Trend:Increase 900.22% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 45.54 (%).Trend:Decrease 66.6% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.52 (%).Trend:Decrease 43.96% than previous quarter

Overall: decreasing (-81.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 386.73 (%).Trend:Increase 778.33% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 147.44 (%).Trend:Decrease 61.88% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 92.65 (%).Trend:Decrease 37.16% than previous quarter

Overall: decreasing (-76.04%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 596.46 (%).Trend:Increase 762.56% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 247.5 (%).Trend:Decrease 58.51% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 153.96 (%).Trend:Decrease 37.79% than previous quarter

Overall: decreasing (-74.19%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets 96.57 (%).Trend:Decrease 4.02% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 100.48 (%).Trend:Increase 4.05% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 97.31 (%).Trend:Decrease 3.15% than previous quarter

Overall: increasing (0.77%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 97.89% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.28 (USD).Trend:Increase 300.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.52 (USD).Trend:Increase 85.71% than previous quarter

Overall: increasing (642.86%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2022 to Q3 2023 shows a largely negative trend for working capital and cost efficiency, while EPS experienced a substantial increase. Liabilities and current assets on revenue, as well as the ratio of retained earnings to revenue, decreased considerably (-81.28%, -76.04% and -74.19%, respectively), showing significant volatility.  Investment efficiency, however, displayed a modest positive trend. Earnings per share (EPS) increased substantially (642.86%), but also with significant fluctuation.