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 44.45 (%).Trend:Decrease 30.31% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.34 (%).Trend:Increase 29.0% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 40.99 (%).Trend:Decrease 28.51% than previous quarter

Overall: decreasing (-7.78%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 47.25 (%).Trend:Decrease 29.42% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 61.11 (%).Trend:Increase 29.33% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 48.07 (%).Trend:Decrease 21.34% than previous quarter

Overall: increasing (1.74%). 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 -140.68 (%).Trend:Decrease 34.88% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -171.41 (%).Trend:Increase 21.84% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -114.95 (%).Trend:Decrease 32.94% than previous quarter

Overall: increasing (-18.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.5 (%).Trend:Increase 2.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.59 (%).Trend:Decrease 23.95% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.37 (%).Trend:Increase 5.0% than previous quarter

Overall: decreasing (-20.15%). 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 -103.49 (%).Trend:Decrease 3.63% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -103.74 (%).Trend:Increase 0.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -96.89 (%).Trend:Decrease 6.6% than previous quarter

Overall: increasing (-6.38%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data from Q3 2022 to Q3 2023 shows a mix of results.  Working capital efficiency reveals slightly decreasing liabilities and a modest increase in current assets, displaying neutral fluctuation. Cost efficiency indicates an increasing trend in the ratio of retained earnings to revenue, but with considerable volatility. The selling, general, and administrative (SG&A) expense ratio is also decreasing with moderate variation. Invest efficiency, measured by retained earnings on assets, displays a slight overall increase but significant fluctuation.