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 86.72 (%).Trend:Increase 196.38% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 44.18 (%).Trend:Decrease 49.05% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 41.92 (%).Trend:Decrease 5.12% than previous quarter

Overall: decreasing (-51.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 402.91 (%).Trend:Increase 161.22% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 205.76 (%).Trend:Decrease 48.93% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 145.6 (%).Trend:Decrease 29.24% than previous quarter

Overall: decreasing (-63.86%). 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 692.51 (%).Trend:Increase 171.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 334.56 (%).Trend:Decrease 51.69% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 237.55 (%).Trend:Decrease 29.0% than previous quarter

Overall: decreasing (-65.7%). 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 84.39 (%).Trend:Decrease 0.82% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 83.85 (%).Trend:Decrease 0.64% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 79.7 (%).Trend:Decrease 4.95% than previous quarter

Overall: decreasing (-5.56%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.83 (USD).Trend:Decrease 46.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.83 (USD).Trend:Increase 120.48% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 9.29% than previous quarter

Overall: increasing (140.96%). Fluctuation: **Significant** (high variation).



The financial statements reveal substantial volatility in working capital efficiency. Liabilities on revenue decreased by 51.66% overall, but displayed significant fluctuations, dropping 49% in Q2 and 5% in Q3.  Current assets on revenue similarly decreased by 63.86%, exhibiting high variation. Cost efficiency is problematic, with a substantial drop in the ratio of retained earnings to revenue (-65.7%), illustrating significant quarter-to-quarter fluctuations.  Investment efficiency displays little fluctuation, with a modest decrease in retained earnings on assets (-5.56%). Earnings per share showed a large increase (140.96%), but with marked variability.