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 305.89 (%).Trend:Increase 327.16% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 99.42 (%).Trend:Decrease 67.5% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 53.85 (%).Trend:Decrease 45.84% than previous quarter

Overall: decreasing (-82.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 257.27 (%).Trend:Increase 293.5% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 83.89 (%).Trend:Decrease 67.39% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 44.01 (%).Trend:Decrease 47.54% than previous quarter

Overall: decreasing (-82.89%). 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 595.96 (%).Trend:Increase 369.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 286.73 (%).Trend:Decrease 51.89% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 165.75 (%).Trend:Decrease 42.19% than previous quarter

Overall: decreasing (-72.19%). 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 25.38 (%).Trend:Decrease 3.75% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 25.79 (%).Trend:Increase 1.62% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 26.75 (%).Trend:Increase 3.72% than previous quarter

Overall: increasing (5.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.19 (USD).Trend:Decrease 93.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.63 (USD).Trend:Increase 231.58% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.84 (USD).Trend:Increase 192.06% than previous quarter

Overall: increasing (868.42%). Fluctuation: **Significant** (high variation).



2023 financial statements show concerning declines in working capital efficiency, with liabilities and current assets on revenue decreasing significantly.  Cost efficiency, specifically the ratio of retained earnings to revenue, also saw a substantial decrease (-72.19%).  Positive, though low-variation, investment efficiency was demonstrated by the steady increase in retained earnings on assets (5.4%).  However, earning per share showed high variation, increasing markedly from Q1 to Q3.