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 59.22 (%).Trend:Increase 192.59% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.48 (%).Trend:Decrease 48.53% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.9 (%).Trend:Decrease 34.71% than previous quarter

Overall: decreasing (-66.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 84.36 (%).Trend:Increase 199.57% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 39.55 (%).Trend:Decrease 53.12% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 26.3 (%).Trend:Decrease 33.5% than previous quarter

Overall: decreasing (-68.82%). 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 142.24 (%).Trend:Increase 205.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 72.86 (%).Trend:Decrease 48.78% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 49.89 (%).Trend:Decrease 31.53% than previous quarter

Overall: decreasing (-64.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 38.52 (%).Trend:Increase 0.55% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.21 (%).Trend:Increase 1.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 39.69 (%).Trend:Increase 1.22% than previous quarter

Overall: increasing (3.04%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 3.37 (USD).Trend:Decrease 72.73% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.46 (USD).Trend:Increase 91.69% than previous quarter
Year 2023 Quarter 3: Earning Per Share 9.52 (USD).Trend:Increase 47.37% than previous quarter

Overall: increasing (182.49%). Fluctuation: **Significant** (high variation).



The financial analysis across three quarters (Q1-Q3 2023) reveals a concerning pattern of significant fluctuations.  Working capital efficiency, both liabilities and current assets on revenue, are decreasing.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows a steep decline.  This contrasts with a steady increase in investment efficiency (retained earnings on assets).  Earnings per share (EPS) exhibit substantial growth, but the overall picture points towards significant operational challenges requiring closer examination.