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 21.04 (%).Trend:Decrease 39.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.68 (%).Trend:Increase 93.35% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 26.48 (%).Trend:Decrease 34.91% than previous quarter

Overall: increasing (25.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 102.71 (%).Trend:Decrease 22.14% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 161.93 (%).Trend:Increase 57.66% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 132.16 (%).Trend:Decrease 18.38% than previous quarter

Overall: increasing (28.67%). 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 66.64 (%).Trend:Decrease 27.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 121.26 (%).Trend:Increase 81.96% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 83.38 (%).Trend:Decrease 31.24% than previous quarter

Overall: increasing (25.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.8 (%).Trend:Increase 6.72% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37.52 (%).Trend:Increase 21.82% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.82 (%).Trend:Increase 3.46% than previous quarter

Overall: increasing (26.04%). 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 26.88 (%).Trend:Increase 1.97% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 26.92 (%).Trend:Increase 0.15% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 26.85 (%).Trend:Decrease 0.26% than previous quarter

Overall: decreasing (-0.11%). Fluctuation: **Little** (low variation).

Earning Per Share


Analyzing Q3 2022 to Q3 2023, liabilities on revenue increased with significant variation, while current assets on revenue also increased with moderate variation. Cost efficiency, reflected in the ratio of retained earnings to revenue, reveals notable fluctuations but displays an overall increase. The SG&A expense ratio exhibited a moderate increase, similarly showing moderate variation. Investment efficiency, based on retained earnings on assets, showed a negligible decrease with little fluctuation.