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 121.59 (%).Trend:Increase 165.83% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 58.79 (%).Trend:Decrease 51.65% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 43.03 (%).Trend:Decrease 26.81% than previous quarter

Overall: decreasing (-64.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 151.49 (%).Trend:Increase 180.69% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 75.28 (%).Trend:Decrease 50.31% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.15 (%).Trend:Decrease 28.07% than previous quarter

Overall: decreasing (-64.26%). 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 -90.92 (%).Trend:Increase 191.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -43.73 (%).Trend:Decrease 51.9% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -28.69 (%).Trend:Decrease 34.39% than previous quarter

Overall: increasing (-68.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.5 (%).Trend:Increase 2.8% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.47 (%).Trend:Decrease 2.99% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.76 (%).Trend:Increase 0.87% than previous quarter

Overall: decreasing (-2.14%). 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 -13.75 (%).Trend:Decrease 0.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -12.94 (%).Trend:Decrease 5.89% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -12.54 (%).Trend:Decrease 3.09% than previous quarter

Overall: increasing (-8.8%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 91.95% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Increase 157.14% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.27 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (285.71%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2023 to Q3 2023 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue both decreased significantly overall, but with substantial quarter-to-quarter variations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is increasing, also with substantial quarter-to-quarter variations.  Selling, General & Administrative (SG&A) expense ratio is decreasing slightly, with little fluctuation.  Investment efficiency, as measured by retained earnings on assets, is increasing overall, but again, with considerable quarter-to-quarter changes.  Earning per share is showing a substantial increase overall, with significant fluctuations throughout the period.