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 59.79 (%).Trend:Decrease 36.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 97.01 (%).Trend:Increase 62.25% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 64.32 (%).Trend:Decrease 33.7% than previous quarter

Overall: increasing (7.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 63.66 (%).Trend:Decrease 35.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 93.82 (%).Trend:Increase 47.38% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 53.63 (%).Trend:Decrease 42.84% than previous quarter

Overall: decreasing (-15.76%). 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 -113.1 (%).Trend:Decrease 30.0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -177.83 (%).Trend:Increase 57.23% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -130.6 (%).Trend:Decrease 26.56% than previous quarter

Overall: decreasing (15.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.37 (%).Trend:Increase 2.34% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.12 (%).Trend:Decrease 3.53% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.59 (%).Trend:Increase 1.38% than previous quarter

Overall: decreasing (-2.21%). 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 -83.55 (%).Trend:Increase 5.84% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -89.25 (%).Trend:Increase 6.82% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -103.28 (%).Trend:Increase 15.72% than previous quarter

Overall: decreasing (23.61%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.39 (USD).Trend:Increase 25.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.56 (USD).Trend:Increase 43.59% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.69 (USD).Trend:Increase 23.21% than previous quarter

Overall: increasing (76.92%). Fluctuation: **Significant** (high variation).



Financial statement analysis from Q3 2022 to Q3 2023 indicates a mixed financial performance. Liabilities on revenue exhibit an increasing trend with significant volatility, while current assets on revenue show a decreasing trend with fluctuation. Cost efficiency demonstrates a slight decrease in the SG&A expense ratio, but a substantial decrease in the retained earnings-to-revenue ratio with fluctuations. Investment efficiency shows a substantial downward trend in retained earnings on assets, with quarterly volatility. Earnings per share demonstrate a substantial increase overall, with volatility.