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 15.93 (%).Trend:Decrease 48.11% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.76 (%).Trend:Increase 199.81% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 31.38 (%).Trend:Decrease 34.3% than previous quarter

Overall: increasing (96.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 38.95 (%).Trend:Decrease 35.58% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.65 (%).Trend:Increase 107.06% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 54.03 (%).Trend:Decrease 33.01% than previous quarter

Overall: increasing (38.72%). Fluctuation: **Significant** (high 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 24.61 (%).Trend:Decrease 23.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 64.0 (%).Trend:Increase 160.06% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 44.24 (%).Trend:Decrease 30.87% than previous quarter

Overall: increasing (79.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 19.04 (%).Trend:Increase 14.7% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 20.47 (%).Trend:Increase 7.51% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.31 (%).Trend:Increase 8.99% than previous quarter

Overall: increasing (17.17%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.44 (USD).Trend:Increase 41.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.14 (USD).Trend:Decrease 90.28% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.56 (USD).Trend:Increase 300.0% than previous quarter

Overall: decreasing (-61.11%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant fluctuations in working capital and cost efficiency measures from Q3 2022 to Q3 2023. Liabilities and current assets on revenue both trended upward but with considerable quarter-to-quarter variability. The ratio of retained earnings to revenue also showed an overall upward trend, but with substantial fluctuations.  Investment efficiency, as measured by retained earnings on assets, exhibited a steady upward trend with little variation.  Earnings per share, however, decreased considerably with high volatility.