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 99.05 (%).Trend:Increase 187.1% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 53.81 (%).Trend:Decrease 45.67% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 33.72 (%).Trend:Decrease 37.34% than previous quarter

Overall: decreasing (-65.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 206.15 (%).Trend:Increase 233.95% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.38 (%).Trend:Decrease 50.34% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 65.79 (%).Trend:Decrease 35.74% than previous quarter

Overall: decreasing (-68.09%). 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 129.22 (%).Trend:Increase 287.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 66.48 (%).Trend:Decrease 48.55% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 43.39 (%).Trend:Decrease 34.73% than previous quarter

Overall: decreasing (-66.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.35 (%).Trend:Increase 29.85% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.9 (%).Trend:Decrease 8.41% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.56 (%).Trend:Decrease 6.94% than previous quarter

Overall: decreasing (-14.77%). 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 28.89 (%).Trend:Increase 11.85% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.34 (%).Trend:Increase 1.56% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 30.61 (%).Trend:Increase 4.33% than previous quarter

Overall: increasing (5.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 92.68% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.45 (USD).Trend:Increase 150.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.99 (USD).Trend:Increase 120.0% than previous quarter

Overall: increasing (450.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2023 to Q3 2023 reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue both decreased substantially but with large quarterly variations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also showed a significant decrease with notable quarterly changes.  SG&A expense ratio decreased steadily with little fluctuation. Investment efficiency, as gauged by retained earnings on assets, showed a small, steady increase.  Earnings per share increased substantially with substantial quarter-to-quarter variability.  Overall, the financial performance exhibits significant volatility across various key metrics.