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 31.69 (%).Trend:Decrease 35.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 49.05 (%).Trend:Increase 54.78% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.67 (%).Trend:Decrease 35.43% than previous quarter

Overall: decreasing (-0.06%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 54.8 (%).Trend:Decrease 31.41% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.27 (%).Trend:Increase 35.53% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 48.73 (%).Trend:Decrease 34.39% than previous quarter

Overall: decreasing (-11.08%). 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 86.22 (%).Trend:Decrease 31.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 131.62 (%).Trend:Increase 52.66% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 72.69 (%).Trend:Decrease 44.77% than previous quarter

Overall: decreasing (-15.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.33 (%).Trend:Decrease 1.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.32 (%).Trend:Decrease 11.04% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.37 (%).Trend:Increase 0.15% than previous quarter

Overall: decreasing (-10.9%). 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 20.51 (%).Trend:Increase 3.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.6 (%).Trend:Increase 5.31% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 18.97 (%).Trend:Decrease 12.18% than previous quarter

Overall: decreasing (-7.51%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.16 (USD).Trend:Increase 54.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.55 (USD).Trend:Decrease 52.59% than previous quarter
Year 2023 Quarter 3: Earning Per Share -1.52 (USD).Trend:Decrease 376.36% than previous quarter

Overall: decreasing (-231.03%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q3 2023, financial performance shows a complex picture. Liability to revenue ratio displays a moderate fluctuation with a slight net decrease. Current assets to revenue also slightly decreased overall.  The ratio of retained earnings to revenue decreased substantially, suggesting a negative trend in profitability.  SG&A expense ratio shows a consistent decrease, potentially indicating cost-cutting efforts.  Investment efficiency, represented by retained earnings on assets, decreased slightly.  Earnings per share fell dramatically, from positive to negative values, exhibiting extreme volatility and a significant decline. The negative earnings per share and the decrease in retained earnings-to-revenue ratio are key concerns.