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 27.2 (%).Trend:Decrease 36.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 42.96 (%).Trend:Increase 57.94% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 27.33 (%).Trend:Decrease 36.38% than previous quarter

Overall: increasing (0.48%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 55.23 (%).Trend:Decrease 34.98% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 82.67 (%).Trend:Increase 49.68% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 53.17 (%).Trend:Decrease 35.68% than previous quarter

Overall: decreasing (-3.73%). 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 38.34 (%).Trend:Decrease 24.33% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 70.51 (%).Trend:Increase 83.91% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 50.12 (%).Trend:Decrease 28.92% than previous quarter

Overall: increasing (30.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.12 (%).Trend:Decrease 1.4% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.13 (%).Trend:Increase 0.47% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.3 (%).Trend:Increase 7.98% than previous quarter

Overall: increasing (8.49%). 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 29.4 (%).Trend:Increase 8.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 32.91 (%).Trend:Increase 11.94% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 34.18 (%).Trend:Increase 3.86% than previous quarter

Overall: increasing (16.26%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 9.33 (USD).Trend:Increase 30.13% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.99 (USD).Trend:Decrease 67.95% than previous quarter
Year 2023 Quarter 3: Earning Per Share 4.33 (USD).Trend:Increase 44.82% than previous quarter

Overall: decreasing (-53.59%). Fluctuation: **Significant** (high variation).



Financial analysis reveals a mixed picture. Working capital efficiency exhibits fluctuating trends, with liabilities and current assets on revenue showing both increases and decreases. Cost efficiency reveals a notable increase in the ratio of retained earnings to revenue, but significant quarterly variations. Selling, General & Administrative (SG&A) expenses are marginally increasing with little fluctuation. Investment efficiency demonstrates a consistent increase in retained earnings on assets, while earnings per share experienced a substantial decrease.