Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 42.67 (%).Trend:Decrease 53.06% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 42.59 (%).Trend:Decrease 0.19% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 27.26 (%).Trend:Decrease 35.99% than previous quarter

Overall: decreasing (-36.11%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 85.93 (%).Trend:Decrease 47.2% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.4 (%).Trend:Decrease 21.56% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.8 (%).Trend:Decrease 35.01% than previous quarter

Overall: decreasing (-49.03%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 838.91 (%).Trend:Decrease 49.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 891.93 (%).Trend:Increase 6.32% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 596.4 (%).Trend:Decrease 33.13% than previous quarter

Overall: decreasing (-28.91%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.8 (%).Trend:Decrease 6.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.75 (%).Trend:Increase 33.52% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.32 (%).Trend:Decrease 3.66% than previous quarter

Overall: increasing (28.64%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 717.33 (%).Trend:Decrease 2.14% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 738.08 (%).Trend:Increase 2.89% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 764.26 (%).Trend:Increase 3.55% than previous quarter

Overall: increasing (6.54%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.94 (USD).Trend:Increase 135.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.03 (USD).Trend:Decrease 103.19% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.06 (USD).Trend:Decrease 300.0% than previous quarter

Overall: decreasing (-93.62%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2022 to Q3 2023 reveals mixed financial performance. Liabilities and current assets on revenue show significant declines.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows overall decline. The SG&A expense ratio shows an overall increase. Investment efficiency demonstrates an overall increase in retained earnings on assets. Earnings per share experienced a significant and variable decline across the period.