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 91.85 (%).Trend:Decrease 35.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 89.02 (%).Trend:Decrease 3.08% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 65.58 (%).Trend:Decrease 26.33% than previous quarter

Overall: decreasing (-28.6%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 125.1 (%).Trend:Decrease 39.44% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 180.98 (%).Trend:Increase 44.67% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 133.05 (%).Trend:Decrease 26.48% than previous quarter

Overall: increasing (6.35%). 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 61.69 (%).Trend:Decrease 29.03% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 105.55 (%).Trend:Increase 71.1% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 76.02 (%).Trend:Decrease 27.98% than previous quarter

Overall: increasing (23.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.49 (%).Trend:Increase 0.05% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.79 (%).Trend:Increase 12.44% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.53 (%).Trend:Increase 3.56% than previous quarter

Overall: increasing (16.44%). 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 20.72 (%).Trend:Increase 12.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 24.34 (%).Trend:Increase 17.47% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 24.86 (%).Trend:Increase 2.14% than previous quarter

Overall: increasing (19.98%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.71 (USD).Trend:Increase 61.3% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.33 (USD).Trend:Decrease 29.3% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.74 (USD).Trend:Increase 42.34% than previous quarter

Overall: increasing (0.64%). Fluctuation: **Neutral** (moderate variation).



Analyzing Q3 2022 to Q3 2023 financial data shows a mixed performance.  Liabilities on revenue decreased consistently, indicating improved management.  Current assets on revenue show moderate fluctuations, but an overall slight increase.  Cost efficiency displays notable volatility in the retained earnings ratio but a positive overall trend; SG&A expense shows a small but steady increase.  Retained earnings on assets and earnings per share both show slight overall gains.