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 58.14 (%).Trend:Increase 212.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 29.8 (%).Trend:Decrease 48.74% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.0 (%).Trend:Decrease 46.31% than previous quarter

Overall: decreasing (-72.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 154.7 (%).Trend:Increase 235.5% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.03 (%).Trend:Decrease 48.91% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 49.52 (%).Trend:Decrease 37.34% than previous quarter

Overall: decreasing (-67.99%). 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 216.01 (%).Trend:Increase 256.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 111.37 (%).Trend:Decrease 48.44% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 76.54 (%).Trend:Decrease 31.27% than previous quarter

Overall: decreasing (-64.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.88 (%).Trend:Increase 22.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.03 (%).Trend:Increase 3.87% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.05 (%).Trend:Increase 0.5% than previous quarter

Overall: increasing (4.38%). 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 69.25 (%).Trend:Increase 3.19% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 69.8 (%).Trend:Increase 0.79% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 73.35 (%).Trend:Increase 5.09% than previous quarter

Overall: increasing (5.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -13.0 (USD).Trend:Decrease 104.23% than previous quarter
Year 2023 Quarter 2: Earning Per Share 31.0 (USD).Trend:Decrease 338.46% than previous quarter
Year 2023 Quarter 3: Earning Per Share 139.0 (USD).Trend:Increase 348.39% than previous quarter

Overall: increasing (-1169.23%). Fluctuation: **Significant** (high variation).



Q1 2023 to Q3 2023 financial statements show significant downward trends in working capital efficiency. Liabilities on revenue decreased by 72.48%, and current assets on revenue decreased by 67.99%, suggesting potential issues with asset management. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased by 64.57%.  Despite the general downward trend, selling, general, and administrative (SG&A) expense ratio displayed a modest increase of 4.38%.  Investment efficiency shows a moderate increase in retained earnings on assets (5.92%), but earnings per share displays an overall increase in the negative range.