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 31.49 (%).Trend:Decrease 34.2% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.76 (%).Trend:Increase 45.32% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.82 (%).Trend:Decrease 28.28% than previous quarter

Overall: increasing (4.22%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 56.85 (%).Trend:Decrease 34.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 82.79 (%).Trend:Increase 45.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.28 (%).Trend:Decrease 34.44% than previous quarter

Overall: decreasing (-4.52%). 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 53.39 (%).Trend:Decrease 30.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 86.65 (%).Trend:Increase 62.3% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 59.01 (%).Trend:Decrease 31.9% than previous quarter

Overall: increasing (10.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.26 (%).Trend:Increase 1.69% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.23 (%).Trend:Increase 8.85% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.65 (%).Trend:Increase 1.73% than previous quarter

Overall: increasing (10.74%). 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 52.28 (%).Trend:Increase 5.47% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 56.17 (%).Trend:Increase 7.44% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 57.9 (%).Trend:Increase 3.08% than previous quarter

Overall: increasing (10.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 10.55 (USD).Trend:Increase 38.27% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.57 (USD).Trend:Decrease 37.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share 9.04 (USD).Trend:Increase 37.6% than previous quarter

Overall: decreasing (-14.31%). Fluctuation: **Neutral** (moderate variation).



From Q3 2022 to Q3 2023, liabilities on revenue showed a small overall increase with moderate fluctuation. Current assets on revenue decreased slightly, also with moderate fluctuation.  The ratio of retained earnings to revenue increased significantly, while the SG&A expense ratio increased slightly with low variation. Retained earnings on assets increased slightly with low variation; earnings per share decreased moderately.