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 22.73 (%).Trend:Decrease 29.1% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.35 (%).Trend:Increase 24.73% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 21.18 (%).Trend:Decrease 25.29% than previous quarter

Overall: decreasing (-6.82%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 31.29 (%).Trend:Decrease 32.95% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 42.06 (%).Trend:Increase 34.42% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 28.71 (%).Trend:Decrease 31.74% than previous quarter

Overall: decreasing (-8.25%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.92 (%).Trend:Increase 1.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.05 (%).Trend:Increase 4.72% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.26 (%).Trend:Increase 0.84% than previous quarter

Overall: increasing (5.6%). 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
Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.2 (USD).Trend:Increase 30.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.26 (USD).Trend:Decrease 56.54% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.23 (USD).Trend:Increase 42.92% than previous quarter

Overall: decreasing (-37.88%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q3 2023 exhibit moderate fluctuations in working capital efficiency, with both liabilities and current assets on revenue decreasing and increasing over the period. Cost efficiency demonstrates a consistent upward trend in SG&A expense ratios. Investment efficiency, however, displays significant volatility in earnings per share, marked by a substantial decrease in Q2 2023 followed by an increase in Q3 2023.