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 17.13 (%).Trend:Decrease 22.35% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 22.12 (%).Trend:Increase 29.13% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 17.13 (%).Trend:Decrease 22.56% than previous quarter

Overall: stable (0.0%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 35.87 (%).Trend:Decrease 36.07% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 31.72 (%).Trend:Decrease 11.57% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 20.48 (%).Trend:Decrease 35.44% than previous quarter

Overall: decreasing (-42.9%). 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 41.32 (%).Trend:Decrease 29.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 72.8 (%).Trend:Increase 76.19% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 46.09 (%).Trend:Decrease 36.69% than previous quarter

Overall: increasing (11.54%). Fluctuation: **Significant** (high variation).

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

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 9.62 (%).Trend:Increase 8.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.87 (%).Trend:Increase 12.99% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 10.38 (%).Trend:Decrease 4.51% than previous quarter

Overall: increasing (7.9%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q3 2022 to Q3 2023 indicates a mixed financial health. Liabilities on revenue remained relatively stable, while current assets on revenue declined substantially (-42.9%).  Cost efficiency (retained earnings to revenue) showed a modest increase (11.54%) but with considerable volatility. Investment efficiency, measured by retained earnings on assets, continued a positive upward trend (7.9%) with less fluctuation.