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 15.62 (%).Trend:Decrease 33.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.21 (%).Trend:Increase 48.59% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.21 (%).Trend:Decrease 34.47% than previous quarter

Overall: decreasing (-2.62%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 41.01 (%).Trend:Decrease 31.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 64.58 (%).Trend:Increase 57.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.36 (%).Trend:Decrease 32.86% than previous quarter

Overall: increasing (5.73%). 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 91.04 (%).Trend:Decrease 32.31% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 138.73 (%).Trend:Increase 52.38% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 95.02 (%).Trend:Decrease 31.51% than previous quarter

Overall: increasing (4.37%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.39 (%).Trend:Decrease 0.3% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.41 (%).Trend:Increase 0.09% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.44 (%).Trend:Increase 0.13% than previous quarter

Overall: increasing (0.21%). 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 144.45 (%).Trend:Increase 1.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 142.91 (%).Trend:Decrease 1.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 145.69 (%).Trend:Increase 1.95% than previous quarter

Overall: increasing (0.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 22.0 (USD).Trend:Increase 53.52% than previous quarter
Year 2023 Quarter 2: Earning Per Share 18.0 (USD).Trend:Decrease 18.18% than previous quarter
Year 2023 Quarter 3: Earning Per Share 28.0 (USD).Trend:Increase 55.56% than previous quarter

Overall: increasing (27.27%). Fluctuation: **Neutral** (moderate variation).



Financial performance from Q3 2022 to Q3 2023 shows a generally positive trajectory. Liabilities on revenue are decreasing, while current assets on revenue are increasing, both exhibiting moderate fluctuations.  Cost efficiency, reflected in the ratio of retained earnings to revenue, is increasing, also with moderate fluctuation.  Selling, general, and administrative (SG&A) expense ratios are increasing, but with low fluctuation.  Investment efficiency, measured by retained earnings on assets, shows an increasing trend with low fluctuation. Earnings per share also increase overall, with moderate fluctuations. The results point to a relatively stable and potentially improving financial performance.