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 72.58 (%).Trend:Increase 275.48% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 51.89 (%).Trend:Decrease 28.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.0 (%).Trend:Decrease 51.82% than previous quarter

Overall: decreasing (-65.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 142.86 (%).Trend:Increase 228.34% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 105.35 (%).Trend:Decrease 26.26% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 79.51 (%).Trend:Decrease 24.53% than previous quarter

Overall: decreasing (-44.34%). 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 -65.49 (%).Trend:Increase 144.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -25.23 (%).Trend:Decrease 61.48% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -12.97 (%).Trend:Decrease 48.59% than previous quarter

Overall: increasing (-80.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.35 (%).Trend:Decrease 16.87% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.56 (%).Trend:Increase 6.27% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.59 (%).Trend:Increase 0.84% than previous quarter

Overall: increasing (7.16%). 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 -34.8 (%).Trend:Decrease 21.0% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -19.72 (%).Trend:Decrease 43.33% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -13.67 (%).Trend:Decrease 30.68% than previous quarter

Overall: increasing (-60.72%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.54 (USD).Trend:Decrease 66.59% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.4 (USD).Trend:Increase 120.78% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.03 (USD).Trend:Increase 47.94% than previous quarter

Overall: increasing (226.62%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize the financial performance from Q1 to Q3 2023.  Liabilities and current assets on revenue decreased substantially, indicating potential working capital challenges.  While the ratio of retained earnings to revenue improved, it remains negative and highly volatile.  Conversely, the SG&A expense ratio showed modest growth with low variation. Earnings per share saw a dramatic increase, suggesting positive investment performance.