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).



From Q3 2022 to Q3 2023, liabilities on revenue decreased steadily. Current assets on revenue experienced fluctuations but ended with a modest increase.  Cost efficiency improved significantly, with a substantial increase in the retained earnings to revenue ratio despite some volatility. SG&A expenses increased consistently. Investment efficiency, measured by retained earnings on assets, grew steadily.  Earnings per share showed a slight overall increase after significant fluctuation.