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 27.66 (%).Trend:Decrease 29.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.16 (%).Trend:Increase 16.27% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.16 (%).Trend:Decrease 21.77% than previous quarter

Overall: decreasing (-9.04%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 55.97 (%).Trend:Decrease 32.56% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 76.11 (%).Trend:Increase 35.98% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 53.56 (%).Trend:Decrease 29.63% than previous quarter

Overall: decreasing (-4.31%). 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 83.6 (%).Trend:Decrease 31.76% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 124.06 (%).Trend:Increase 48.4% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 85.76 (%).Trend:Decrease 30.87% than previous quarter

Overall: increasing (2.58%). Fluctuation: **Neutral** (moderate 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 65.76 (%).Trend:Increase 2.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 73.35 (%).Trend:Increase 11.54% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 74.39 (%).Trend:Increase 1.42% than previous quarter

Overall: increasing (13.12%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.33 (USD).Trend:Increase 54.88% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.01 (USD).Trend:Decrease 9.61% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.87 (USD).Trend:Decrease 71.1% than previous quarter

Overall: decreasing (-73.87%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q3 2023 data reveals moderate fluctuations in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, with overall slight decreases in the first two. Retained earnings on assets saw a significant increase with low variation, while earnings per share experienced a substantial decrease.