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 81.58 (%).Trend:Increase 188.37% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 44.95 (%).Trend:Decrease 44.9% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.52 (%).Trend:Decrease 29.88% than previous quarter

Overall: decreasing (-61.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 215.0 (%).Trend:Increase 218.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 104.87 (%).Trend:Decrease 51.22% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 73.41 (%).Trend:Decrease 30.0% than previous quarter

Overall: decreasing (-65.86%). 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 172.2 (%).Trend:Increase 238.38% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 87.84 (%).Trend:Decrease 48.99% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 61.45 (%).Trend:Decrease 30.04% than previous quarter

Overall: decreasing (-64.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.64 (%).Trend:Increase 3.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.85 (%).Trend:Increase 1.8% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.87 (%).Trend:Increase 0.17% than previous quarter

Overall: increasing (1.98%). 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 33.3 (%).Trend:Increase 5.28% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.75 (%).Trend:Increase 4.35% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 35.98 (%).Trend:Increase 3.54% than previous quarter

Overall: increasing (8.05%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 68.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.51 (USD).Trend:Increase 104.05% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.37 (USD).Trend:Increase 56.95% than previous quarter

Overall: increasing (220.27%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 reveal a pattern of decreasing trends in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue.  These show significant fluctuations.  The selling, general, and administrative (SG&A) expense ratio, however, shows a steady, small upward trend.  Retained earning on assets displays a consistent, small upward trend.  Earning per share shows substantial fluctuation, increasing during the three periods.