Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 26.36 (%).Trend:Decrease 38.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.61 (%).Trend:Increase 8.54% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 19.98 (%).Trend:Decrease 30.16% than previous quarter

Overall: decreasing (-24.2%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 63.05 (%).Trend:Decrease 34.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 89.24 (%).Trend:Increase 41.54% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 60.8 (%).Trend:Decrease 31.87% than previous quarter

Overall: decreasing (-3.57%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -156.2 (%).Trend:Decrease 34.42% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -203.83 (%).Trend:Increase 30.49% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -134.58 (%).Trend:Decrease 33.97% than previous quarter

Overall: increasing (-13.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.35 (%).Trend:Decrease 1.54% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.34 (%).Trend:Decrease 4.52% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.49 (%).Trend:Increase 0.7% than previous quarter

Overall: decreasing (-3.85%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets -51.89 (%).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -51.78 (%).Trend:Decrease 0.21% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -51.64 (%).Trend:Decrease 0.27% than previous quarter

Overall: increasing (-0.48%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows a decreasing trend in both liabilities and current assets on revenue from Q3 2022 to Q3 2023, with moderate fluctuation.  Cost efficiency, indicated by the ratio of retained earnings to revenue, displays an overall increasing trend despite considerable variation.  The Selling, General & Administrative (SG&A) expense ratio demonstrates a slight decrease over the period, with little fluctuation. Investment efficiency, as measured by retained earnings on assets, also shows a slight increase, with notable variation.