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 87.35 (%).Trend:Decrease 37.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.36 (%).Trend:Decrease 30.9% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 39.12 (%).Trend:Decrease 35.19% than previous quarter

Overall: decreasing (-55.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 40.51 (%).Trend:Decrease 48.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 64.44 (%).Trend:Increase 59.07% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 46.31 (%).Trend:Decrease 28.13% than previous quarter

Overall: increasing (14.32%). 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 264.04 (%).Trend:Decrease 31.26% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 463.88 (%).Trend:Increase 75.69% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 313.93 (%).Trend:Decrease 32.33% than previous quarter

Overall: increasing (18.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.07 (%).Trend:Decrease 0.52% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.5 (%).Trend:Decrease 26.77% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.84 (%).Trend:Increase 10.72% than previous quarter

Overall: decreasing (-18.92%). Fluctuation: **Neutral** (moderate 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 85.83 (%).Trend:Increase 10.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 142.59 (%).Trend:Increase 66.13% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 144.18 (%).Trend:Increase 1.12% than previous quarter

Overall: increasing (67.98%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 13.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Decrease 80.0% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-60.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q3 2023 reveals a decline in liabilities on revenue by 55.21%, suggesting improved working capital management.  Current assets on revenue have risen by 14.32%, reflecting a positive trend.  Cost efficiency, indicated by the ratio of retained earnings to revenue, shows an overall increase of 18.89%, but with considerable volatility. The SG&A expense ratio also decreased by 18.92%, highlighting potential cost-cutting.   Investment efficiency, assessed by retained earnings on assets, is trending upwards by 67.98%.  However, earnings per share have fallen by 60%, revealing fluctuations requiring investigation.