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 86.89 (%).Trend:Decrease 38.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 184.53 (%).Trend:Increase 112.37% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 103.17 (%).Trend:Decrease 44.09% than previous quarter

Overall: increasing (18.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 122.25 (%).Trend:Decrease 37.89% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 265.68 (%).Trend:Increase 117.33% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 159.32 (%).Trend:Decrease 40.03% than previous quarter

Overall: increasing (30.32%). 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 128.1 (%).Trend:Decrease 30.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 238.99 (%).Trend:Increase 86.57% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 166.47 (%).Trend:Decrease 30.34% than previous quarter

Overall: increasing (29.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.46 (%).Trend:Decrease 1.54% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.6 (%).Trend:Increase 23.33% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.85 (%).Trend:Increase 1.51% than previous quarter

Overall: increasing (25.19%). 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 49.74 (%).Trend:Increase 5.65% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 47.17 (%).Trend:Decrease 5.17% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 50.76 (%).Trend:Increase 7.61% than previous quarter

Overall: increasing (2.05%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.66 (USD).Trend:Increase 35.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.81 (USD).Trend:Decrease 50.55% than previous quarter
Year 2023 Quarter 3: Earning Per Share 1.78 (USD).Trend:Decrease 1.66% than previous quarter

Overall: decreasing (-51.37%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q3 2023 shows significant fluctuations across various metrics. Working capital efficiency, current assets on revenue, and liabilities on revenue demonstrate increasing trends (18.74% and 30.32% overall increases, respectively) but with high volatility.  Cost efficiency, measured by the ratio of retained earnings to revenue, also shows an increasing trend (29.95%), though again with substantial variation.  SG&A expense ratio is increasing (25.19%) with moderate fluctuation. Investment efficiency, as measured by retained earnings on assets, is also increasing (2.05%) but with low variation.  Earnings per share, however, are decreasing (-51.37%) with high fluctuation.  The data highlights the need for further investigation into the reasons behind these substantial variations.