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 65.48 (%).Trend:Increase 131.87% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.88 (%).Trend:Decrease 57.42% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.66 (%).Trend:Decrease 29.48% than previous quarter

Overall: decreasing (-69.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 150.4 (%).Trend:Increase 125.86% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.69 (%).Trend:Decrease 54.99% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 45.02 (%).Trend:Decrease 33.49% than previous quarter

Overall: decreasing (-70.07%). 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 347.77 (%).Trend:Increase 101.29% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 175.77 (%).Trend:Decrease 49.46% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 120.4 (%).Trend:Decrease 31.5% than previous quarter

Overall: decreasing (-65.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.76 (%).Trend:Decrease 29.21% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.83 (%).Trend:Increase 1.04% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.83 (%).Trend:Increase 0.0% than previous quarter

Overall: increasing (1.04%). 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 56.53 (%).Trend:Decrease 0.46% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 59.74 (%).Trend:Increase 5.68% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 61.17 (%).Trend:Increase 2.39% than previous quarter

Overall: increasing (8.21%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.92 (USD).Trend:Decrease 348.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.46 (USD).Trend:Increase 167.39% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.4 (USD).Trend:Increase 38.21% than previous quarter

Overall: increasing (269.57%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 reveals significant fluctuations in key metrics.  Working capital efficiency demonstrates a substantial decrease in liabilities on revenue and current assets. Cost efficiency, measured by the ratio of retained earnings to revenue, is decreasing significantly.  The SG&A expense ratio exhibits only slight variation, trending upward overall.  Investment efficiency, measured by retained earnings on assets, shows a steady increase with limited fluctuation.  Earnings per share show substantial quarter-to-quarter changes, with a notable overall increase.