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 79.41 (%).Trend:Increase 57.25% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 51.29 (%).Trend:Decrease 35.41% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 33.55 (%).Trend:Decrease 34.59% than previous quarter

Overall: decreasing (-57.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 28.41 (%).Trend:Decrease 39.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.52 (%).Trend:Increase 14.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 18.05 (%).Trend:Decrease 44.5% than previous quarter

Overall: decreasing (-36.47%). Fluctuation: **Significant** (high 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 32.18 (%).Trend:Decrease 39.34% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 38.91 (%).Trend:Increase 20.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 29.52 (%).Trend:Decrease 24.13% than previous quarter

Overall: decreasing (-8.27%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.1 (%).Trend:Decrease 10.05% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.62 (%).Trend:Decrease 29.02% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.64 (%).Trend:Increase 0.55% than previous quarter

Overall: decreasing (-28.63%). Fluctuation: **Neutral** (moderate 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 17.19 (%).Trend:Increase 0.47% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.48 (%).Trend:Increase 30.77% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.79 (%).Trend:Increase 14.72% than previous quarter

Overall: increasing (50.03%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial data from Q3 2022 to Q3 2023 reveal a mixed picture. Liabilities on revenue are decreasing overall, but fluctuations are high.  Current assets on revenue also decrease significantly. Cost efficiency is slightly decreasing and shows moderate variation in the ratio of retained earnings to revenue. Selling, general, and administrative (SG&A) expenses exhibit a downward trend overall. Investment efficiency displays a notable increase in retained earnings on assets.  Monitoring the underlying factors driving these changes is crucial for strategic financial management.