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 93.3 (%).Trend:Increase 198.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 51.02 (%).Trend:Decrease 45.32% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.07 (%).Trend:Decrease 37.14% than previous quarter

Overall: decreasing (-65.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 115.64 (%).Trend:Increase 266.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 54.58 (%).Trend:Decrease 52.8% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 36.01 (%).Trend:Decrease 34.02% than previous quarter

Overall: decreasing (-68.86%). 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 2.21 (%).Trend:Decrease 142.66% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1.86 (%).Trend:Decrease 15.84% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 3.45 (%).Trend:Increase 85.48% than previous quarter

Overall: increasing (56.11%). 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 1.12 (%).Trend:Decrease 112.19% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 1.79 (%).Trend:Increase 59.82% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 5.37 (%).Trend:Increase 200.0% than previous quarter

Overall: increasing (379.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 3.96 (USD).Trend:Decrease 15.74% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.45 (USD).Trend:Increase 12.37% than previous quarter
Year 2023 Quarter 3: Earning Per Share 7.29 (USD).Trend:Increase 63.82% than previous quarter

Overall: increasing (84.09%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2023 to Q3 2023 financial data reveals considerable volatility. Liabilities on revenue decreased, despite a notable increase in the first quarter.  Current assets on revenue show a similar pattern of significant increases and decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, increased overall, with substantial quarter-to-quarter variation. Investment efficiency and earnings per share both showed significant increases with noteworthy volatility.  The data point to a potentially risky financial environment.