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 67.4 (%).Trend:Increase 243.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.97 (%).Trend:Decrease 54.05% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.39 (%).Trend:Decrease 37.39% than previous quarter

Overall: decreasing (-71.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 240.98 (%).Trend:Increase 288.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 107.63 (%).Trend:Decrease 55.34% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 68.04 (%).Trend:Decrease 36.78% than previous quarter

Overall: decreasing (-71.77%). 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 117.98 (%).Trend:Increase 302.39% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 51.2 (%).Trend:Decrease 56.6% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 33.53 (%).Trend:Decrease 34.51% than previous quarter

Overall: decreasing (-71.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.29 (%).Trend:Increase 31.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.96 (%).Trend:Decrease 15.87% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.41 (%).Trend:Decrease 6.75% than previous quarter

Overall: decreasing (-21.55%). Fluctuation: **Neutral** (moderate 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 22.93 (%).Trend:Decrease 0.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.48 (%).Trend:Increase 2.4% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.09 (%).Trend:Increase 6.86% than previous quarter

Overall: increasing (9.42%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 105.54% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.76 (USD).Trend:Decrease 575.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.34 (USD).Trend:Increase 207.89% than previous quarter

Overall: increasing (-1562.5%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 of 2023 indicate a pattern of substantial volatility across various key metrics.  Liabilities on revenue, current assets on revenue, and retained earnings to revenue ratios all decreased significantly with large swings. Selling, General & Administrative (SG&A) expense ratio showed a slight downward trend.  In contrast, retained earnings on assets demonstrate a steady upward trend. Earnings per share show an initially sharp decrease, followed by recovery. These significant fluctuations demand further analysis to understand the underlying causes.