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 64.09 (%).Trend:Increase 191.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.91 (%).Trend:Decrease 56.45% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.6 (%).Trend:Decrease 29.77% than previous quarter

Overall: decreasing (-69.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 83.18 (%).Trend:Increase 213.06% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 42.59 (%).Trend:Decrease 48.8% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 28.8 (%).Trend:Decrease 32.38% than previous quarter

Overall: decreasing (-65.38%). 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 54.25 (%).Trend:Increase 207.89% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 28.11 (%).Trend:Decrease 48.18% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 20.0 (%).Trend:Decrease 28.85% than previous quarter

Overall: decreasing (-63.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.56 (%).Trend:Decrease 6.44% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.73 (%).Trend:Increase 2.25% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.85 (%).Trend:Decrease 11.38% than previous quarter

Overall: decreasing (-9.39%). 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 21.97 (%).Trend:Decrease 0.9% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.65 (%).Trend:Increase 3.1% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 24.16 (%).Trend:Increase 6.67% than previous quarter

Overall: increasing (9.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.58 (USD).Trend:Decrease 78.52% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.36 (USD).Trend:Increase 134.48% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.84 (USD).Trend:Increase 108.82% than previous quarter

Overall: increasing (389.66%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 reveal significant fluctuations across several key metrics.  Liabilities and current assets as a percentage of revenue show large swings. Cost efficiency, measured by the retained earnings-to-revenue ratio, also displays high variation.  The Selling, General & Administrative (SG&A) expense ratio shows little variation, consistently decreasing. Investment efficiency (retained earnings on assets) displays a consistent upward trend. Finally, earnings per share demonstrates considerable volatility.