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 28.49 (%).Trend:Decrease 29.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.34 (%).Trend:Increase 52.12% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.55 (%).Trend:Decrease 29.51% than previous quarter

Overall: increasing (7.23%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 36.32 (%).Trend:Decrease 33.26% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 55.83 (%).Trend:Increase 53.72% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 38.11 (%).Trend:Decrease 31.74% than previous quarter

Overall: increasing (4.93%). 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 25.93 (%).Trend:Decrease 31.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 41.29 (%).Trend:Increase 59.24% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 24.61 (%).Trend:Decrease 40.4% than previous quarter

Overall: decreasing (-5.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.9 (%).Trend:Decrease 1.0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.73 (%).Trend:Decrease 1.22% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.69 (%).Trend:Decrease 0.29% than previous quarter

Overall: decreasing (-1.51%). 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 34.51 (%).Trend:Increase 4.39% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 37.42 (%).Trend:Increase 8.43% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 32.85 (%).Trend:Decrease 12.21% than previous quarter

Overall: decreasing (-4.81%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 37.74% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Decrease 40.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-40.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q3 2023 indicates a generally stable, though not positive, trend.  Working capital efficiency metrics show moderate increases in liabilities and current assets on revenue. Cost efficiency shows a significant decline in the retained earnings to revenue ratio, and a slightly decreased SG&A expense ratio, demonstrating little variation.  Investment efficiency displays a mixed trend, with fluctuations throughout. Earnings per share are consistently decreasing with significant volatility.