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 30.49 (%).Trend:Increase 19.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 22.07 (%).Trend:Decrease 27.62% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.19 (%).Trend:Decrease 31.17% than previous quarter

Overall: decreasing (-50.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 89.28 (%).Trend:Decrease 45.38% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 138.84 (%).Trend:Increase 55.51% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 83.85 (%).Trend:Decrease 39.61% than previous quarter

Overall: decreasing (-6.08%). 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 -68.03 (%).Trend:Decrease 30.87% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -96.01 (%).Trend:Increase 41.13% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -62.38 (%).Trend:Decrease 35.03% than previous quarter

Overall: increasing (-8.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.29 (%).Trend:Decrease 5.12% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.26 (%).Trend:Decrease 4.58% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.19 (%).Trend:Decrease 4.9% than previous quarter

Overall: decreasing (-9.26%). 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 -25.07 (%).Trend:Increase 7.46% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -23.88 (%).Trend:Decrease 4.75% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -23.82 (%).Trend:Decrease 0.25% than previous quarter

Overall: increasing (-4.99%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Quarter 3 2022 to Quarter 3 2023 show key trends in working capital, cost, and investment efficiency. Liabilities on revenue show a substantial decrease (-50.18%) with high volatility. Current assets on revenue also trend downwards (-6.08%), but with significant fluctuations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows an increasing trend, but significant quarter-to-quarter variation. The selling, general, and administrative (SG&A) expense ratio has a clear decreasing trend, with minimal fluctuation. Investment efficiency (retained earnings on assets) shows a slightly increasing trend, but with significant quarter-to-quarter variation.