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 34.36 (%).Trend:Decrease 32.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 69.58 (%).Trend:Increase 102.5% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.33 (%).Trend:Decrease 42.04% than previous quarter

Overall: increasing (17.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 54.98 (%).Trend:Decrease 44.8% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 69.44 (%).Trend:Increase 26.3% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.31 (%).Trend:Decrease 37.63% than previous quarter

Overall: decreasing (-21.23%). 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 24.91 (%).Trend:Decrease 13.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 58.46 (%).Trend:Increase 134.68% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 43.4 (%).Trend:Decrease 25.76% than previous quarter

Overall: increasing (74.23%). 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 6.89 (%).Trend:Increase 34.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.71 (%).Trend:Increase 40.93% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.39 (%).Trend:Increase 17.3% than previous quarter

Overall: increasing (65.31%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.28 (USD).Trend:Increase 52.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.59 (USD).Trend:Decrease 51.52% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.81 (USD).Trend:Increase 76.73% than previous quarter

Overall: decreasing (-14.33%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q3 2023 show a mixed picture.  Liabilities on revenue increased overall by 17.37%, but with significant fluctuation. Current assets on revenue decreased by 21.23%, a neutral fluctuation. Cost efficiency, measured by the ratio of retained earnings to revenue, increased significantly (74.23%) with high variance.  Investment efficiency, as measured by retained earnings on assets, increased by 65.31% with moderate fluctuation. Earnings per share decreased by 14.33%, exhibiting significant volatility.  Further investigation into the specific drivers of these trends is needed.