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 34.97 (%).Trend:Decrease 31.99% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.45 (%).Trend:Increase 44.27% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 33.12 (%).Trend:Decrease 34.35% than previous quarter

Overall: decreasing (-5.29%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52.02 (%).Trend:Decrease 33.33% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.32 (%).Trend:Increase 54.4% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 52.35 (%).Trend:Decrease 34.82% than previous quarter

Overall: increasing (0.63%). 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 6.46 (%).Trend:Decrease 50.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 6.47 (%).Trend:Increase 0.15% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 4.38 (%).Trend:Decrease 32.3% than previous quarter

Overall: decreasing (-32.2%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.92 (%).Trend:Decrease 4.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.27 (%).Trend:Increase 7.11% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.09 (%).Trend:Decrease 3.42% than previous quarter

Overall: increasing (3.46%). 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 6.41 (%).Trend:Decrease 22.58% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.34 (%).Trend:Decrease 32.29% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 4.45 (%).Trend:Increase 2.53% than previous quarter

Overall: decreasing (-30.58%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Working capital efficiency shows relatively neutral fluctuation. Liabilities on revenue decreased in Q3 2022 and then increased in Q2 2023, before decreasing again in Q3 2023. Current assets on revenue showed a similar pattern of decreasing then increasing, followed by another decrease in Q3 2023. Cost efficiency shows a decreasing trend in the Ratio of Retained Earnings to Revenue, with little fluctuation in the SG&A expense ratio. Investment efficiency also shows a neutral decreasing trend in Retained Earning on Assets.