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 24.12 (%).Trend:Decrease 31.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.65 (%).Trend:Increase 35.36% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 23.95 (%).Trend:Decrease 26.65% than previous quarter

Overall: decreasing (-0.7%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 33.56 (%).Trend:Decrease 35.5% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 43.22 (%).Trend:Increase 28.78% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 29.15 (%).Trend:Decrease 32.55% than previous quarter

Overall: decreasing (-13.14%). 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 27.52 (%).Trend:Decrease 28.67% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 47.99 (%).Trend:Increase 74.38% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 31.34 (%).Trend:Decrease 34.69% than previous quarter

Overall: increasing (13.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 29.01 (%).Trend:Increase 7.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 30.68 (%).Trend:Increase 5.76% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 29.45 (%).Trend:Decrease 4.01% than previous quarter

Overall: increasing (1.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 9.27 (USD).Trend:Increase 46.91% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.62 (USD).Trend:Decrease 50.16% than previous quarter
Year 2023 Quarter 3: Earning Per Share 5.93 (USD).Trend:Increase 28.35% than previous quarter

Overall: decreasing (-36.03%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q3 2023 reveals mixed financial performance.  Working capital efficiency showed a minor decrease, while cost efficiency saw a slight overall increase, but with considerable fluctuations.  Investment efficiency increased steadily.  Earnings per share experienced a notable decrease overall with substantial fluctuations.