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 reveals mixed results.  Liabilities on revenue exhibit an overall increasing trend, but with substantial fluctuation. Current assets on revenue display a decreasing overall trend with significant quarterly variability.  Cost efficiency, specifically the SG&A expense ratio, shows a modest decreasing trend, while the retained earnings-to-revenue ratio shows a significant decrease with fluctuations. Investment efficiency, measured by retained earnings on assets, shows a substantial overall decrease, with considerable volatility. Earnings per share shows a significant overall increase.