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 87.88 (%).Trend:Increase 203.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.62 (%).Trend:Decrease 48.09% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.59 (%).Trend:Decrease 28.56% than previous quarter

Overall: decreasing (-62.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 173.23 (%).Trend:Increase 203.17% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 136.89 (%).Trend:Decrease 20.98% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 67.84 (%).Trend:Decrease 50.44% than previous quarter

Overall: decreasing (-60.84%). 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 -48.72 (%).Trend:Increase 111.09% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -18.77 (%).Trend:Decrease 61.47% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -21.26 (%).Trend:Increase 13.27% than previous quarter

Overall: increasing (-56.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.85 (%).Trend:Decrease 5.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.0 (%).Trend:Increase 0.72% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.7 (%).Trend:Decrease 1.43% than previous quarter

Overall: decreasing (-0.72%). 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 -5.47 (%).Trend:Decrease 26.68% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -3.9 (%).Trend:Decrease 28.7% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -7.34 (%).Trend:Increase 88.21% than previous quarter

Overall: decreasing (34.19%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 92.86% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.16 (USD).Trend:Increase 433.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.35 (USD).Trend:Increase 118.75% than previous quarter

Overall: increasing (1066.67%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2023 financial data reveals significant fluctuations in key metrics. Liabilities on Revenue and Current Assets on Revenue both decreased substantially, indicating potential working capital challenges.  The Ratio of Retained Earnings to Revenue, while improving overall, shows considerable volatility.  In contrast, the SG&A Expense Ratio demonstrated relative stability.  Retained Earnings on Assets declined significantly, and Earnings Per Share experienced a dramatic increase, highlighting investment efficiency concerns.