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 89.27 (%).Trend:Increase 219.05% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.91 (%).Trend:Decrease 53.05% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.83 (%).Trend:Decrease 35.98% than previous quarter

Overall: decreasing (-69.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 139.33 (%).Trend:Increase 217.16% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 65.75 (%).Trend:Decrease 52.81% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 41.08 (%).Trend:Decrease 37.52% than previous quarter

Overall: decreasing (-70.52%). 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 66.97 (%).Trend:Increase 234.35% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 29.16 (%).Trend:Decrease 56.46% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 18.55 (%).Trend:Decrease 36.39% than previous quarter

Overall: decreasing (-72.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 46.76 (%).Trend:Increase 6.61% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 46.26 (%).Trend:Decrease 1.07% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.56 (%).Trend:Decrease 1.51% than previous quarter

Overall: decreasing (-2.57%). 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 22.52 (%).Trend:Increase 7.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 20.53 (%).Trend:Decrease 8.84% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 20.03 (%).Trend:Decrease 2.44% than previous quarter

Overall: decreasing (-11.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 89.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.98 (USD).Trend:Increase 157.89% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 104.08% than previous quarter

Overall: increasing (426.32%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 show a complex financial situation characterized by volatility. Working capital efficiency (liabilities and current assets relative to revenue) declined significantly, but with substantial quarter-to-quarter fluctuations. Cost efficiency, as measured by the retained earnings-to-revenue ratio, decreased drastically and significantly.  Selling, General & Administrative (SG&A) expense ratios displayed a mild decrease.  Investment efficiency (retained earnings on assets) showed a small decline overall.  Earnings per share increased substantially overall.