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 31.49 (%).Trend:Decrease 34.2% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.76 (%).Trend:Increase 45.32% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.82 (%).Trend:Decrease 28.28% than previous quarter

Overall: increasing (4.22%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 56.85 (%).Trend:Decrease 34.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 82.79 (%).Trend:Increase 45.63% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.28 (%).Trend:Decrease 34.44% than previous quarter

Overall: decreasing (-4.52%). 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 53.39 (%).Trend:Decrease 30.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 86.65 (%).Trend:Increase 62.3% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 59.01 (%).Trend:Decrease 31.9% than previous quarter

Overall: increasing (10.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.26 (%).Trend:Increase 1.69% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.23 (%).Trend:Increase 8.85% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.65 (%).Trend:Increase 1.73% than previous quarter

Overall: increasing (10.74%). 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 52.28 (%).Trend:Increase 5.47% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 56.17 (%).Trend:Increase 7.44% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 57.9 (%).Trend:Increase 3.08% than previous quarter

Overall: increasing (10.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 10.55 (USD).Trend:Increase 38.27% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.57 (USD).Trend:Decrease 37.73% than previous quarter
Year 2023 Quarter 3: Earning Per Share 9.04 (USD).Trend:Increase 37.6% than previous quarter

Overall: decreasing (-14.31%). Fluctuation: **Neutral** (moderate variation).



Over Q3 2022 to Q3 2023, liabilities on revenue increased slightly with moderate fluctuation. Current assets on revenue decreased slightly, also with moderate fluctuation. The ratio of retained earnings to revenue had a significant increase and high variation. SG&A expenses increased slightly with low variation. Retained earnings on assets increased slightly with low variation, while earnings per share decreased moderately.