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 142.41 (%).Trend:Increase 207.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 65.52 (%).Trend:Decrease 53.99% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 41.24 (%).Trend:Decrease 37.06% than previous quarter

Overall: decreasing (-71.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 67.08 (%).Trend:Increase 230.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 29.05 (%).Trend:Decrease 56.69% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.48 (%).Trend:Decrease 29.5% than previous quarter

Overall: decreasing (-69.47%). 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 101.11 (%).Trend:Increase 182.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 50.17 (%).Trend:Decrease 50.38% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 34.41 (%).Trend:Decrease 31.41% than previous quarter

Overall: decreasing (-65.97%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.95 (%).Trend:Decrease 1.45% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.23 (%).Trend:Decrease 4.82% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.75 (%).Trend:Decrease 3.37% than previous quarter

Overall: decreasing (-8.03%). 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 14.71 (%).Trend:Increase 2.44% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 15.18 (%).Trend:Increase 3.2% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 16.31 (%).Trend:Increase 7.44% than previous quarter

Overall: increasing (10.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 86.79% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.5 (USD).Trend:Increase 257.14% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.19 (USD).Trend:Increase 138.0% than previous quarter

Overall: increasing (750.0%). Fluctuation: **Significant** (high variation).



Finance statements for Q1 2023 to Q3 2023 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased by 71.04%, while current assets on revenue decreased by 69.47%, both exhibiting substantial volatility.  The ratio of retained earnings to revenue also decreased significantly (65.97%), while SG&A expense ratio decreased by 8.03% with less fluctuation. Investment efficiency, as measured by retained earnings on assets, saw a positive trend of 10.88%, displaying little variation.  Earnings per share increased substantially by 750%, showing high variability.  These findings suggest significant changes in business operations and financial performance, particularly concerning working capital and earnings.