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 79.41 (%).Trend:Increase 57.25% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 51.29 (%).Trend:Decrease 35.41% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 33.55 (%).Trend:Decrease 34.59% than previous quarter

Overall: decreasing (-57.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 28.41 (%).Trend:Decrease 39.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.52 (%).Trend:Increase 14.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 18.05 (%).Trend:Decrease 44.5% than previous quarter

Overall: decreasing (-36.47%). 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 32.18 (%).Trend:Decrease 39.34% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 38.91 (%).Trend:Increase 20.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 29.52 (%).Trend:Decrease 24.13% than previous quarter

Overall: decreasing (-8.27%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.1 (%).Trend:Decrease 10.05% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.62 (%).Trend:Decrease 29.02% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.64 (%).Trend:Increase 0.55% than previous quarter

Overall: decreasing (-28.63%). 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 17.19 (%).Trend:Increase 0.47% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.48 (%).Trend:Increase 30.77% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 25.79 (%).Trend:Increase 14.72% than previous quarter

Overall: increasing (50.03%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements for Q3 2022 to Q3 2023 indicate several trends. Liabilities on revenue show a significant overall decrease, but with high fluctuations. Current assets on revenue also show a significant decrease, with considerable volatility. Cost efficiency, as measured by the ratio of retained earnings to revenue, experiences a slight decrease and moderate variation. Selling, general, and administrative (SG&A) expenses are consistently decreasing. Investment efficiency, on the other hand, demonstrates a substantial increase in retained earnings on assets, with moderate fluctuations.  These insights highlight areas that require careful management and understanding.