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 52.05 (%).Trend:Decrease 54.81% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.96 (%).Trend:Decrease 2.09% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 32.19 (%).Trend:Decrease 36.83% than previous quarter

Overall: decreasing (-38.16%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 128.97 (%).Trend:Decrease 52.66% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 117.28 (%).Trend:Decrease 9.06% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 84.56 (%).Trend:Decrease 27.9% than previous quarter

Overall: decreasing (-34.43%). Fluctuation: **Neutral** (moderate 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 -94.76 (%).Trend:Decrease 54.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -87.61 (%).Trend:Decrease 7.55% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue -59.38 (%).Trend:Decrease 32.22% than previous quarter

Overall: increasing (-37.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.75 (%).Trend:Decrease 7.28% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.91 (%).Trend:Decrease 6.11% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.54 (%).Trend:Increase 4.88% than previous quarter

Overall: decreasing (-1.53%). Fluctuation: **Little** (low 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 -25.08 (%).Trend:Decrease 8.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -22.6 (%).Trend:Decrease 9.89% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets -21.21 (%).Trend:Decrease 6.15% than previous quarter

Overall: increasing (-15.43%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q2 2022 to Q3 2023 shows a declining trend across several key metrics. Liabilities on revenue decreased substantially over the period. Current assets on revenue are also decreasing. The ratio of retained earnings to revenue shows a substantial yet consistent negative trend, with large fluctuations.  The SG&A expense ratio exhibits a modest decrease with low variation. Investment efficiency, measured by retained earnings on assets, also shows a clear decreasing trend with high variation.