Working Capital Efficiency
The data from Quater 1 in 2023 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Current assets on Revenue

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 3811.66 (%).Trend:Increase 142.91% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1813.04 (%).Trend:Decrease 52.43% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 1207.08 (%).Trend:Decrease 33.42% than previous quarter

Overall: decreasing (-68.33%). 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 3.45 (%).Trend:Increase 32.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.65 (%).Trend:Increase 5.8% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 3.82 (%).Trend:Increase 4.66% than previous quarter

Overall: increasing (10.72%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.04 (USD).Trend:Decrease 75.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.09 (USD).Trend:Increase 125.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.15 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (275.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2023 to Q3 2023 reveals a mixed picture. The ratio of retained earnings to revenue decreased significantly.  Retained earnings on assets, however, rose steadily during the period. Earnings per share increased markedly in the third quarter after experiencing a decline in the first two quarters of 2023.