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 15.93 (%).Trend:Decrease 48.11% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.76 (%).Trend:Increase 199.81% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.38 (%).Trend:Decrease 34.3% than previous quarter

Overall: increasing (96.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 38.95 (%).Trend:Decrease 35.58% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.65 (%).Trend:Increase 107.06% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.03 (%).Trend:Decrease 33.01% than previous quarter

Overall: increasing (38.72%). Fluctuation: **Significant** (high 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 24.61 (%).Trend:Decrease 23.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 64.0 (%).Trend:Increase 160.06% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 44.24 (%).Trend:Decrease 30.87% than previous quarter

Overall: increasing (79.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 19.04 (%).Trend:Increase 14.7% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 20.47 (%).Trend:Increase 7.51% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.31 (%).Trend:Increase 8.99% than previous quarter

Overall: increasing (17.17%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.44 (USD).Trend:Increase 41.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.14 (USD).Trend:Decrease 90.28% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.56 (USD).Trend:Increase 300.0% than previous quarter

Overall: decreasing (-61.11%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q3 2023 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased by 96.99% overall but with substantial quarter-to-quarter variations. Current assets on revenue also increased by 38.72%, exhibiting similarly significant fluctuations.  Retained earnings to revenue increased by 79.76% overall, again with significant volatility. Investment efficiency, measured by retained earnings on assets, showed a consistent increase of 17.17% with little fluctuation. Earnings per share decreased by 61.11%, characterized by substantial volatility.  Further analysis is needed to understand the underlying causes of these variations.