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 30.06 (%).Trend:Increase 22.79% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 92.19 (%).Trend:Increase 206.69% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.99 (%).Trend:Decrease 75.06% than previous quarter

Overall: decreasing (-23.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 71.3 (%).Trend:Decrease 26.89% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 256.85 (%).Trend:Increase 260.24% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 87.94 (%).Trend:Decrease 65.76% than previous quarter

Overall: increasing (23.34%). 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 144.29 (%).Trend:Decrease 28.06% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 414.65 (%).Trend:Increase 187.37% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 161.52 (%).Trend:Decrease 61.05% than previous quarter

Overall: increasing (11.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.94 (%).Trend:Increase 2.41% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.36 (%).Trend:Increase 7.07% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.77 (%).Trend:Increase 6.45% than previous quarter

Overall: increasing (13.97%). 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 67.69 (%).Trend:Increase 0.94% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 61.6 (%).Trend:Decrease 9.0% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 67.81 (%).Trend:Increase 10.08% than previous quarter

Overall: increasing (0.18%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.96 (USD).Trend:Increase 38.93% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.94 (USD).Trend:Decrease 67.45% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.63 (USD).Trend:Increase 138.66% than previous quarter

Overall: decreasing (-22.32%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q3 2023 show a complex picture. Liabilities on revenue are decreasing overall, but with significant fluctuation.  Current assets on revenue are increasing overall, but with volatile quarterly changes. Cost efficiency (retained earnings to revenue ratio) is increasing, despite considerable quarterly volatility. SG&A expenses are increasing steadily, suggesting operational stability.  Investment efficiency is largely stable. Earnings per share are decreasing overall, with high volatility.