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 34.36 (%).Trend:Decrease 32.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 69.58 (%).Trend:Increase 102.5% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.33 (%).Trend:Decrease 42.04% than previous quarter

Overall: increasing (17.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 54.98 (%).Trend:Decrease 44.8% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 69.44 (%).Trend:Increase 26.3% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.31 (%).Trend:Decrease 37.63% than previous quarter

Overall: decreasing (-21.23%). 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 24.91 (%).Trend:Decrease 13.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 58.46 (%).Trend:Increase 134.68% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 43.4 (%).Trend:Decrease 25.76% than previous quarter

Overall: increasing (74.23%). 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 6.89 (%).Trend:Increase 34.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.71 (%).Trend:Increase 40.93% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 11.39 (%).Trend:Increase 17.3% than previous quarter

Overall: increasing (65.31%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.28 (USD).Trend:Increase 52.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.59 (USD).Trend:Decrease 51.52% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.81 (USD).Trend:Increase 76.73% than previous quarter

Overall: decreasing (-14.33%). Fluctuation: **Significant** (high variation).



Financial data for Q3 2022 to Q3 2023 reveals mixed performance.  Liability-to-revenue ratios increased slightly overall, but with substantial fluctuations.  Current asset-to-revenue ratios declined, exhibiting moderate variance.  The ratio of retained earnings to revenue rose significantly, yet showed high volatility. Investment efficiency, as measured by retained earnings on assets, also increased with moderate fluctuation. Earnings per share decreased overall, experiencing substantial variation.  A deeper analysis is necessary to understand the reasons behind these trends.