Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 24.01 (%).Trend:Decrease 48.58% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 16.11 (%).Trend:Decrease 32.9% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.07 (%).Trend:Decrease 0.25% than previous quarter

Overall: decreasing (-33.07%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 26.44 (%).Trend:Decrease 47.74% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 17.6 (%).Trend:Decrease 33.43% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 16.59 (%).Trend:Decrease 5.74% than previous quarter

Overall: decreasing (-37.25%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 17.51 (%).Trend:Decrease 47.26% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 12.0 (%).Trend:Decrease 31.47% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 12.8 (%).Trend:Increase 6.67% than previous quarter

Overall: decreasing (-26.9%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 14.68 (%).Trend:Increase 4.34% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 14.73 (%).Trend:Increase 0.34% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 16.5 (%).Trend:Increase 12.02% than previous quarter

Overall: increasing (12.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.67 (USD).Trend:Increase 71.79% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.85 (USD).Trend:Increase 26.87% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.76 (USD).Trend:Decrease 10.59% than previous quarter

Overall: increasing (13.43%). Fluctuation: **Neutral** (moderate variation).



Financial performance from Q2 2022 to Q3 2023 shows a moderate decrease in liabilities and current assets on revenue, indicating some improvement in working capital efficiency.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also showed a moderate decline.  Investment efficiency is positive with relatively consistent increase. Earnings per share also showed a slight increase with moderate variation.