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 30.02 (%).Trend:Decrease 34.18% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.95 (%).Trend:Increase 36.41% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.33 (%).Trend:Decrease 38.14% than previous quarter

Overall: decreasing (-15.62%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 39.23 (%).Trend:Decrease 34.31% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 54.08 (%).Trend:Increase 37.85% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 34.67 (%).Trend:Decrease 35.89% than previous quarter

Overall: decreasing (-11.62%). 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 12.66 (%).Trend:Decrease 24.64% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 23.1 (%).Trend:Increase 82.46% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 16.98 (%).Trend:Decrease 26.49% than previous quarter

Overall: increasing (34.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.37 (%).Trend:Increase 2.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 40.98 (%).Trend:Increase 1.51% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.72 (%).Trend:Increase 1.81% than previous quarter

Overall: increasing (3.34%). 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 15.73 (%).Trend:Increase 12.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 20.5 (%).Trend:Increase 30.32% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.82 (%).Trend:Increase 11.32% than previous quarter

Overall: increasing (45.07%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.82 (USD).Trend:Increase 40.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.59 (USD).Trend:Decrease 12.64% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.12 (USD).Trend:Increase 33.33% than previous quarter

Overall: increasing (16.48%). Fluctuation: **Neutral** (moderate variation).



From Q3 2022 to Q3 2023, Liabilities on Revenue and Current Assets on Revenue decreased overall with moderate fluctuation.  Ratio of Retained Earnings to Revenue showed a significant overall increase, but with high variation.  SG&A Expense Ratio had a slight increase with low variation. Retained Earning on Assets and Earnings Per Share both saw moderate increases with neutral fluctuation. Three quarters of data were analyzed.