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 17.45 (%).Trend:Decrease 27.98% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 52.74 (%).Trend:Increase 202.23% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 16.85 (%).Trend:Decrease 68.05% than previous quarter

Overall: decreasing (-3.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 68.28 (%).Trend:Decrease 27.87% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 342.26 (%).Trend:Increase 401.26% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 138.4 (%).Trend:Decrease 59.56% than previous quarter

Overall: increasing (102.69%). 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 44.25 (%).Trend:Decrease 28.86% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 126.9 (%).Trend:Increase 186.78% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 56.9 (%).Trend:Decrease 55.16% than previous quarter

Overall: increasing (28.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.26 (%).Trend:Decrease 4.75% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.85 (%).Trend:Decrease 22.9% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.22 (%).Trend:Increase 15.96% than previous quarter

Overall: decreasing (-10.59%). 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 43.73 (%).Trend:Increase 7.5% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 31.0 (%).Trend:Decrease 29.11% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 34.51 (%).Trend:Increase 11.32% than previous quarter

Overall: decreasing (-21.08%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.35 (USD).Trend:Increase 64.34% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.01 (USD).Trend:Decrease 57.02% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.01 (USD).Trend:Increase 99.01% than previous quarter

Overall: decreasing (-14.47%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q3 2023 shows substantial volatility.  Liabilities and current assets on revenue both experienced considerable changes, though with high fluctuations.  Cost efficiency, reflected in the SG&A expense ratio, declined modestly with moderate volatility. The ratio of retained earnings to revenue saw a considerable increase but with a high fluctuation. Investment efficiency decreased moderately. Earnings per share also decreased but with substantial volatility. The report highlights considerable financial instability in these metrics.