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 data from Q2 2022 to Q3 2023 show a mixed picture. Liabilities and current assets on revenue decreased significantly overall. Cost efficiency, in terms of the retained earnings to revenue ratio, show a slight overall decrease. The SG&A expense ratio shows an increase.  Investment efficiency shows stable increases in retained earnings on assets. Earnings per share show a substantial decline and high quarterly variation.