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 25.2 (%).Trend:Decrease 39.16% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.85 (%).Trend:Increase 34.33% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.94 (%).Trend:Decrease 20.41% than previous quarter

Overall: increasing (6.9%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 28.97 (%).Trend:Decrease 38.19% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 40.65 (%).Trend:Increase 40.32% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 30.12 (%).Trend:Decrease 25.9% than previous quarter

Overall: increasing (3.97%). 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 14.31 (%).Trend:Decrease 30.4% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 21.38 (%).Trend:Increase 49.41% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 15.09 (%).Trend:Decrease 29.42% than previous quarter

Overall: increasing (5.45%). Fluctuation: **Neutral** (moderate 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 35.74 (%).Trend:Increase 9.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 38.45 (%).Trend:Increase 7.58% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 37.08 (%).Trend:Decrease 3.56% than previous quarter

Overall: increasing (3.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 11.11% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Decrease 33.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (33.33%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q3 2023 reveals moderate variation in several key metrics. Working capital efficiency, measured by liabilities and current assets on revenue, displays an overall slight increase, fluctuating neutrally. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a small increase.  Invest efficiency is stable with a moderate increase. Earnings per share demonstrates significant variation, but an overall increase.