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 15.62 (%).Trend:Decrease 33.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.21 (%).Trend:Increase 48.59% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 15.21 (%).Trend:Decrease 34.47% than previous quarter

Overall: decreasing (-2.62%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 41.01 (%).Trend:Decrease 31.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 64.58 (%).Trend:Increase 57.47% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 43.36 (%).Trend:Decrease 32.86% than previous quarter

Overall: increasing (5.73%). 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 91.04 (%).Trend:Decrease 32.31% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 138.73 (%).Trend:Increase 52.38% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 95.02 (%).Trend:Decrease 31.51% than previous quarter

Overall: increasing (4.37%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.39 (%).Trend:Decrease 0.3% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.41 (%).Trend:Increase 0.09% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.44 (%).Trend:Increase 0.13% than previous quarter

Overall: increasing (0.21%). 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 144.45 (%).Trend:Increase 1.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 142.91 (%).Trend:Decrease 1.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 145.69 (%).Trend:Increase 1.95% than previous quarter

Overall: increasing (0.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 22.0 (USD).Trend:Increase 53.52% than previous quarter
Year 2023 Quarter 2: Earning Per Share 18.0 (USD).Trend:Decrease 18.18% than previous quarter
Year 2023 Quarter 3: Earning Per Share 28.0 (USD).Trend:Increase 55.56% than previous quarter

Overall: increasing (27.27%). Fluctuation: **Neutral** (moderate variation).



Financial performance from Q3 2022 to Q3 2023 shows more stable trends. Liabilities on revenue are decreasing overall, with moderate fluctuation. Current assets on revenue are increasing, also with moderate fluctuation.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is increasing overall with moderate fluctuation. Selling, general, and administrative (SG&A) expense ratios are increasing with low fluctuation. Investment efficiency, represented by retained earnings on assets, is increasing with low fluctuation. Earnings per share are also increasing with moderate fluctuation. The data suggest a more consistent financial performance compared to the previous period, though still with some variation.