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 42.54 (%).Trend:Increase 234.7% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 18.57 (%).Trend:Decrease 56.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 11.43 (%).Trend:Decrease 38.45% than previous quarter

Overall: decreasing (-73.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 104.16 (%).Trend:Increase 243.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 43.46 (%).Trend:Decrease 58.28% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 27.73 (%).Trend:Decrease 36.19% than previous quarter

Overall: decreasing (-73.38%). 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 31.34 (%).Trend:Increase 437.56% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 18.61 (%).Trend:Decrease 40.62% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 14.28 (%).Trend:Decrease 23.27% than previous quarter

Overall: decreasing (-54.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.53 (%).Trend:Increase 21.24% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.03 (%).Trend:Increase 3.7% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.5 (%).Trend:Increase 3.35% than previous quarter

Overall: increasing (7.17%). 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 21.2 (%).Trend:Increase 47.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 28.08 (%).Trend:Increase 32.45% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 32.4 (%).Trend:Increase 15.38% than previous quarter

Overall: increasing (52.83%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 79.6% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.43 (USD).Trend:Increase 74.39% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.8 (USD).Trend:Increase 25.87% than previous quarter

Overall: increasing (119.51%). Fluctuation: **Significant** (high variation).



Q1 to Q3 2023 financial statements show significant fluctuations. Liabilities and current assets on revenue exhibit substantial decreases after significant increases in Q1. Cost efficiency, as measured by retained earnings to revenue, shows a significant decrease with large variations.  The SG&A expense ratio continues to increase steadily with low fluctuation.  Investment efficiency and earnings per share show an increase with significant variation, including sharp rises and falls.