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 187.81 (%).Trend:Increase 143.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 100.07 (%).Trend:Decrease 46.72% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 65.61 (%).Trend:Decrease 34.44% than previous quarter

Overall: decreasing (-65.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 131.65 (%).Trend:Increase 147.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 65.43 (%).Trend:Decrease 50.3% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 45.56 (%).Trend:Decrease 30.37% than previous quarter

Overall: decreasing (-65.39%). 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 -386.15 (%).Trend:Increase 206.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -176.04 (%).Trend:Decrease 54.41% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -119.47 (%).Trend:Decrease 32.13% than previous quarter

Overall: increasing (-69.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.25 (%).Trend:Decrease 7.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.91 (%).Trend:Increase 1.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 51.05 (%).Trend:Increase 4.38% than previous quarter

Overall: increasing (5.8%). 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 -44.92 (%).Trend:Increase 14.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -41.18 (%).Trend:Decrease 8.33% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -39.52 (%).Trend:Decrease 4.03% than previous quarter

Overall: increasing (-12.02%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 64.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.43 (USD).Trend:Increase 186.67% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.55 (USD).Trend:Increase 27.91% than previous quarter

Overall: increasing (266.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2023 highlight fluctuating financial performance. Working capital efficiency metrics (liabilities and current assets on revenue) show substantial decreases with significant quarter-to-quarter variability. Cost efficiency reveals a substantial downward trend in the ratio of retained earnings to revenue, while SG&A expense ratio exhibits little overall change. Investment efficiency shows a slight downward trend. Earnings per share increased notably, though with fluctuating values.