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 67.4 (%).Trend:Increase 243.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.97 (%).Trend:Decrease 54.05% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.39 (%).Trend:Decrease 37.39% than previous quarter

Overall: decreasing (-71.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 240.98 (%).Trend:Increase 288.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 107.63 (%).Trend:Decrease 55.34% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 68.04 (%).Trend:Decrease 36.78% than previous quarter

Overall: decreasing (-71.77%). 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 117.98 (%).Trend:Increase 302.39% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 51.2 (%).Trend:Decrease 56.6% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 33.53 (%).Trend:Decrease 34.51% than previous quarter

Overall: decreasing (-71.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.29 (%).Trend:Increase 31.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.96 (%).Trend:Decrease 15.87% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.41 (%).Trend:Decrease 6.75% than previous quarter

Overall: decreasing (-21.55%). Fluctuation: **Neutral** (moderate 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 22.93 (%).Trend:Decrease 0.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.48 (%).Trend:Increase 2.4% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.09 (%).Trend:Increase 6.86% than previous quarter

Overall: increasing (9.42%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 105.54% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.76 (USD).Trend:Decrease 575.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.34 (USD).Trend:Increase 207.89% than previous quarter

Overall: increasing (-1562.5%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 reveal a concerning trend of declining working capital efficiency.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decreased significantly, showing substantial volatility.  Selling, General & Administrative (SG&A) Expense Ratio decreased moderately over the three quarters.  In contrast, retained earnings on assets saw an increase over the period, though still with some fluctuation. Earnings per share also increased, though it initially began with a very significant decrease.