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 25.45 (%).Trend:Decrease 28.11% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.21 (%).Trend:Increase 34.42% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 24.6 (%).Trend:Decrease 28.09% than previous quarter

Overall: decreasing (-3.34%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 53.62 (%).Trend:Decrease 24.69% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.13 (%).Trend:Increase 47.58% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 57.92 (%).Trend:Decrease 26.8% than previous quarter

Overall: increasing (8.02%). 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 27.48 (%).Trend:Decrease 22.06% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 43.48 (%).Trend:Increase 58.22% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 32.34 (%).Trend:Decrease 25.62% than previous quarter

Overall: increasing (17.69%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.94 (%).Trend:Decrease 0.15% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.02 (%).Trend:Increase 8.02% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.81 (%).Trend:Decrease 0.75% than previous quarter

Overall: increasing (7.21%). 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 29.33 (%).Trend:Increase 10.14% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.03 (%).Trend:Decrease 1.02% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 30.85 (%).Trend:Increase 6.27% than previous quarter

Overall: increasing (5.18%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.39 (USD).Trend:Increase 58.41% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.79 (USD).Trend:Decrease 47.2% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.83 (USD).Trend:Increase 58.1% than previous quarter

Overall: decreasing (-16.52%). Fluctuation: **Significant** (high variation).



The review period spans Q3 2022 to Q3 2023. Liabilities on revenue showed a slight overall decrease (-3.34%), while current assets on revenue saw a modest increase (8.02%), both with moderate fluctuation.  Cost efficiency shows an increase in the ratio of retained earnings to revenue (17.69%), and a smaller increase in SG&A expenses (7.21%). Investment efficiency improved slightly (5.18% increase in retained earnings on assets), while earnings per share declined (-16.52%) significantly.