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 73.76 (%).Trend:Increase 284.97% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.18 (%).Trend:Decrease 55.02% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 39.15 (%).Trend:Increase 17.99% than previous quarter

Overall: decreasing (-46.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 122.33 (%).Trend:Increase 284.32% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 57.83 (%).Trend:Decrease 52.73% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 40.89 (%).Trend:Decrease 29.29% than previous quarter

Overall: decreasing (-66.57%). 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 297.44 (%).Trend:Increase 430.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 173.87 (%).Trend:Decrease 41.54% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 121.77 (%).Trend:Decrease 29.96% than previous quarter

Overall: decreasing (-59.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 24.21 (%).Trend:Increase 18.85% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 24.81 (%).Trend:Increase 2.48% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.38 (%).Trend:Increase 2.3% than previous quarter

Overall: increasing (4.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.88 (USD).Trend:Decrease 76.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.16 (USD).Trend:Increase 31.82% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.59 (USD).Trend:Increase 37.07% than previous quarter

Overall: increasing (80.68%). Fluctuation: **Significant** (high variation).



Analysis of the provided financial statements indicates significant volatility in working capital efficiency, with substantial changes in liabilities and current assets against revenue.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, shows a substantial decrease, potentially signaling issues with profitability.  Conversely, investment efficiency, measured by retained earnings on assets, is characterized by modest change, showcasing relative stability.  Earnings per share show a considerable increase overall, despite significant variations across quarters.