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 58.92 (%).Trend:Increase 256.87% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.06 (%).Trend:Decrease 52.38% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.63 (%).Trend:Decrease 33.61% than previous quarter

Overall: decreasing (-68.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 65.93 (%).Trend:Increase 290.58% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.16 (%).Trend:Decrease 51.22% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.78 (%).Trend:Decrease 35.39% than previous quarter

Overall: decreasing (-68.48%). 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 32.6 (%).Trend:Increase 160.8% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 16.11 (%).Trend:Decrease 50.58% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 11.22 (%).Trend:Decrease 30.35% than previous quarter

Overall: decreasing (-65.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.82 (%).Trend:Increase 3.5% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.26 (%).Trend:Decrease 4.74% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.26 (%).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-4.74%). 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 22.11 (%).Trend:Decrease 17.99% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.65 (%).Trend:Increase 2.44% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 23.96 (%).Trend:Increase 5.78% than previous quarter

Overall: increasing (8.37%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 85.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



Financial review of Q1 2023 to Q3 2023 reveals continuing volatility. Liabilities and current assets on revenue both decreased, but with large fluctuations.  The ratio of retained earnings to revenue also showed a decreasing trend.  SG&A expenses show a slight overall decrease, while investment efficiency increased slightly. Earnings per share had a significant increase with substantial fluctuations.