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 34.97 (%).Trend:Decrease 31.99% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.45 (%).Trend:Increase 44.27% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 33.12 (%).Trend:Decrease 34.35% than previous quarter

Overall: decreasing (-5.29%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52.02 (%).Trend:Decrease 33.33% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.32 (%).Trend:Increase 54.4% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 52.35 (%).Trend:Decrease 34.82% than previous quarter

Overall: increasing (0.63%). 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 6.46 (%).Trend:Decrease 50.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 6.47 (%).Trend:Increase 0.15% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 4.38 (%).Trend:Decrease 32.3% than previous quarter

Overall: decreasing (-32.2%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.92 (%).Trend:Decrease 4.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.27 (%).Trend:Increase 7.11% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.09 (%).Trend:Decrease 3.42% than previous quarter

Overall: increasing (3.46%). 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 6.41 (%).Trend:Decrease 22.58% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.34 (%).Trend:Decrease 32.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.45 (%).Trend:Increase 2.53% than previous quarter

Overall: decreasing (-30.58%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements from Q3 2022 to Q3 2023 show a neutral trend for working capital, with liabilities on revenue exhibiting a slight decrease. Current assets on revenue show a very slight increase overall.  Cost efficiency demonstrates a substantial decrease in Retained Earnings to Revenue, and a moderate increase in SG&A.  Investment efficiency demonstrates a slight overall decrease in Retained Earning on Assets.