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 87.76 (%).Trend:Decrease 31.42% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 118.32 (%).Trend:Increase 34.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 82.46 (%).Trend:Decrease 30.31% than previous quarter

Overall: decreasing (-6.04%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 36.01 (%).Trend:Decrease 22.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.07 (%).Trend:Increase 36.27% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 50.68 (%).Trend:Increase 3.28% than previous quarter

Overall: increasing (40.74%). 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 -35.56 (%).Trend:Decrease 15.65% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -102.54 (%).Trend:Increase 188.36% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -75.36 (%).Trend:Decrease 26.51% than previous quarter

Overall: decreasing (111.92%). 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 -8.67 (%).Trend:Increase 26.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -17.92 (%).Trend:Increase 106.69% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -19.01 (%).Trend:Increase 6.08% than previous quarter

Overall: decreasing (119.26%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -3.0 (USD).Trend:Increase 53.85% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.0 (USD).Trend:Decrease 33.33% than previous quarter
Year 2023 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (33.33%). Fluctuation: **Significant** (high variation).



The financial data for Q3 2022 to Q3 2023 shows mixed results. Liabilities on revenue exhibit a slight decrease, with fluctuation. Current assets on revenue show a moderate increase, but with fluctuation.  The Ratio of Retained Earnings to Revenue reveals substantial variation and a notable overall decrease. Investment efficiency also shows a substantial overall decrease. Earnings per share display a negative trend with high variation. Overall, the findings suggest some improvement in working capital management, but cost efficiency, investment efficiency, and earnings remain volatile, highlighting the need for careful analysis to determine the reasons behind these trends.