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 74.88 (%).Trend:Increase 202.91% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.07 (%).Trend:Decrease 58.51% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.45 (%).Trend:Decrease 27.74% than previous quarter

Overall: decreasing (-70.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 206.83 (%).Trend:Increase 230.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 92.98 (%).Trend:Decrease 55.05% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 62.56 (%).Trend:Decrease 32.72% than previous quarter

Overall: decreasing (-69.75%). 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 93.76 (%).Trend:Increase 196.99% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 46.78 (%).Trend:Decrease 50.11% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 32.24 (%).Trend:Decrease 31.08% than previous quarter

Overall: decreasing (-65.61%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.16 (%).Trend:Increase 16.59% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.47 (%).Trend:Decrease 5.8% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.81 (%).Trend:Decrease 2.4% than previous quarter

Overall: decreasing (-8.06%). 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 22.13 (%).Trend:Decrease 9.64% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.98 (%).Trend:Increase 8.36% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.12 (%).Trend:Increase 4.75% than previous quarter

Overall: increasing (13.51%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share -0.01 (USD).Trend:Decrease 101.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.26 (USD).Trend:Decrease 2700.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.43 (USD).Trend:Increase 65.38% than previous quarter

Overall: increasing (-4400.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2023 to Q3 2023 indicate significant volatility. Liabilities and current assets on revenue both trend downward, though with substantial fluctuations.  The ratio of retained earnings to revenue also experiences considerable volatility. The SG&A expense ratio shows a stable, albeit slight, decrease.  Investment efficiency, as measured by retained earnings on assets, shows a moderate increase. Earnings per share displays substantial variation and a negative value at one point in Q1 2023, although it eventually rises to a positive amount, albeit lower than the previous year. These highly variable figures necessitate further investigation.