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 308.82 (%).Trend:Decrease 31.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 339.09 (%).Trend:Increase 9.8% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 207.71 (%).Trend:Decrease 38.74% than previous quarter

Overall: decreasing (-32.74%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 316.6 (%).Trend:Decrease 34.39% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 360.49 (%).Trend:Increase 13.86% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 241.79 (%).Trend:Decrease 32.93% than previous quarter

Overall: decreasing (-23.63%). 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 -421.08 (%).Trend:Decrease 31.82% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -448.38 (%).Trend:Increase 6.48% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -309.05 (%).Trend:Decrease 31.07% than previous quarter

Overall: increasing (-26.61%). 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 -71.63 (%).Trend:Increase 2.55% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -70.98 (%).Trend:Decrease 0.91% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -72.71 (%).Trend:Increase 2.44% than previous quarter

Overall: decreasing (1.51%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.67 (USD).Trend:Increase 52.27% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.17 (USD).Trend:Decrease 74.63% than previous quarter
Year 2023 Quarter 3: Earning Per Share -0.27 (USD).Trend:Increase 58.82% than previous quarter

Overall: increasing (-59.7%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q3 2023 reveal decreasing trends in working capital efficiency with liabilities and current assets on revenue declining. Cost efficiency shows an increasing, but significantly fluctuating ratio of retained earnings to revenue. Investment efficiency presents a decreasing trend in retained earnings on assets, while earnings per share display a mixed trend with significant fluctuations. Overall, the data signifies potential challenges in working capital management, alongside an increase in cost efficiency.