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 108.39 (%).Trend:Increase 180.88% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 53.73 (%).Trend:Decrease 50.43% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 38.12 (%).Trend:Decrease 29.05% than previous quarter

Overall: decreasing (-64.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 202.02 (%).Trend:Increase 184.42% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 105.42 (%).Trend:Decrease 47.82% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 71.4 (%).Trend:Decrease 32.27% than previous quarter

Overall: decreasing (-64.66%). 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 61.53 (%).Trend:Increase 160.83% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 30.91 (%).Trend:Decrease 49.76% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 20.86 (%).Trend:Decrease 32.51% than previous quarter

Overall: decreasing (-66.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.88 (%).Trend:Decrease 4.9% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.85 (%).Trend:Decrease 0.77% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.78 (%).Trend:Decrease 1.82% than previous quarter

Overall: decreasing (-2.58%). 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 22.67 (%).Trend:Decrease 6.13% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.79 (%).Trend:Decrease 3.88% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 21.82 (%).Trend:Increase 0.14% than previous quarter

Overall: decreasing (-3.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 54.76% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.81 (USD).Trend:Increase 113.16% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.47 (USD).Trend:Increase 81.48% than previous quarter

Overall: increasing (286.84%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2023 shows a marked decline in working capital efficiency, substantial decreases in the ratio of retained earnings to revenue, and little fluctuation in SG&A expense ratio.  Earnings per share demonstrates large increases and decreases, exhibiting significant variability. Invest efficiency shows a minimal fluctuation in retained earnings on assets, trending downwards.