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 194.31 (%).Trend:Decrease 32.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 263.32 (%).Trend:Increase 35.52% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 174.94 (%).Trend:Decrease 33.56% than previous quarter

Overall: decreasing (-9.97%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 144.21 (%).Trend:Decrease 24.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 167.96 (%).Trend:Increase 16.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 129.85 (%).Trend:Decrease 22.69% than previous quarter

Overall: decreasing (-9.96%). 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 -42.28 (%).Trend:Decrease 32.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -48.56 (%).Trend:Increase 14.85% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -29.46 (%).Trend:Decrease 39.33% than previous quarter

Overall: increasing (-30.32%). 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 -15.05 (%).Trend:Decrease 2.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -11.87 (%).Trend:Decrease 21.13% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -10.27 (%).Trend:Decrease 13.48% than previous quarter

Overall: increasing (-31.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -2.75 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.35 (USD).Trend:Decrease 112.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.7 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-125.45%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q3 2023 indicates a mixed picture of financial health. Working capital efficiency shows a slight, neutral decrease in liabilities and current assets.  Significant fluctuations are evident in cost efficiency metrics, specifically the ratio of retained earnings to revenue and retained earnings on assets, with increasing overall trends.  Earnings per share also show notable variation and increases.