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 28.49 (%).Trend:Decrease 29.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.34 (%).Trend:Increase 52.12% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 30.55 (%).Trend:Decrease 29.51% than previous quarter

Overall: increasing (7.23%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 36.32 (%).Trend:Decrease 33.26% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 55.83 (%).Trend:Increase 53.72% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 38.11 (%).Trend:Decrease 31.74% than previous quarter

Overall: increasing (4.93%). 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 25.93 (%).Trend:Decrease 31.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 41.29 (%).Trend:Increase 59.24% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 24.61 (%).Trend:Decrease 40.4% than previous quarter

Overall: decreasing (-5.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.9 (%).Trend:Decrease 1.0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.73 (%).Trend:Decrease 1.22% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.69 (%).Trend:Decrease 0.29% than previous quarter

Overall: decreasing (-1.51%). 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 34.51 (%).Trend:Increase 4.39% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 37.42 (%).Trend:Increase 8.43% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 32.85 (%).Trend:Decrease 12.21% than previous quarter

Overall: decreasing (-4.81%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 37.74% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Decrease 40.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-40.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q3 2023 is mixed. Working capital efficiency metrics show increases in liabilities and current assets on revenue, although with moderate fluctuation. Cost efficiency, based on the retained earnings-to-revenue ratio, decreased with significant variation, while SG&A expenses showed a stable, minor decrease. Investment efficiency and earnings per share also reveal inconsistent patterns, with significant fluctuations.