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 108.92 (%).Trend:Increase 353.27% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.9 (%).Trend:Decrease 55.1% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.68 (%).Trend:Decrease 35.21% than previous quarter

Overall: decreasing (-70.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2023 Quarter 1: Current assets on Revenue 216.28 (%).Trend:Increase 284.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.35 (%).Trend:Decrease 52.68% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 69.48 (%).Trend:Decrease 32.12% than previous quarter

Overall: decreasing (-67.87%). 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 92.18 (%).Trend:Increase 256.87% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 44.97 (%).Trend:Decrease 51.22% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 31.6 (%).Trend:Decrease 29.73% than previous quarter

Overall: decreasing (-65.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.47 (%).Trend:Increase 30.44% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.13 (%).Trend:Decrease 8.95% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.96 (%).Trend:Decrease 0.39% than previous quarter

Overall: decreasing (-9.3%). 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 27.73 (%).Trend:Decrease 7.97% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.22 (%).Trend:Increase 5.37% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 31.13 (%).Trend:Increase 6.54% than previous quarter

Overall: increasing (12.26%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2023 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 91.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.56 (USD).Trend:Increase 366.67% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.05 (USD).Trend:Increase 87.5% than previous quarter

Overall: increasing (775.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2023 to Q3 2023 reveals significant volatility across several key financial metrics. Liabilities and current assets as percentages of revenue are all decreasing but have substantial fluctuations.  Cost efficiency, measured by the ratio of retained earnings to revenue, also exhibits significant decreases. The selling, general, and administrative (SG&A) expense ratio exhibits a slight decrease overall.  Retained earnings on assets slightly increased overall, while earnings per share, show a substantial increase.