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 90.8 (%).Trend:Increase 213.97% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 44.55 (%).Trend:Decrease 50.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 28.94 (%).Trend:Decrease 35.04% than previous quarter

Overall: decreasing (-68.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 158.54 (%).Trend:Increase 195.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 81.21 (%).Trend:Decrease 48.78% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.17 (%).Trend:Decrease 33.3% than previous quarter

Overall: decreasing (-65.83%). 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 -54.68 (%).Trend:Increase 184.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -25.0 (%).Trend:Decrease 54.28% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -16.14 (%).Trend:Decrease 35.44% than previous quarter

Overall: increasing (-70.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.36 (%).Trend:Increase 7.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.68 (%).Trend:Increase 1.84% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.7 (%).Trend:Increase 0.11% than previous quarter

Overall: increasing (1.96%). 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 -15.22 (%).Trend:Decrease 2.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -13.73 (%).Trend:Decrease 9.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -13.37 (%).Trend:Decrease 2.62% than previous quarter

Overall: increasing (-12.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.32 (USD).Trend:Decrease 25.58% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.81 (USD).Trend:Increase 153.13% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.2 (USD).Trend:Increase 48.15% than previous quarter

Overall: increasing (275.0%). Fluctuation: **Significant** (high variation).



The financial statements show substantial volatility in working capital efficiency across the three quarters of 2023. Liabilities on revenue fluctuated significantly, increasing drastically in Q1 before declining in subsequent quarters.  Current assets on revenue also displayed significant volatility, showing sharp increases and decreases.  Cost efficiency, measured by the ratio of retained earnings to revenue, exhibits substantial fluctuation, increasing overall in a negative sense.  The Selling, General, and Administrative (SG&A) expense ratio shows minimal fluctuations, increasing steadily throughout the period.  Invest efficiency, as measured by retained earnings on assets, also demonstrates considerable quarterly variability.  Lastly, earnings per share increased markedly from Q1 to Q3, though significant fluctuations are evident.