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 20.57 (%).Trend:Decrease 35.23% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.24 (%).Trend:Increase 27.56% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 22.33 (%).Trend:Decrease 14.9% than previous quarter

Overall: increasing (8.56%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 86.68 (%).Trend:Decrease 29.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 138.47 (%).Trend:Increase 59.75% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 88.84 (%).Trend:Decrease 35.84% than previous quarter

Overall: increasing (2.49%). 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 59.47 (%).Trend:Decrease 30.38% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 116.01 (%).Trend:Increase 95.07% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 74.44 (%).Trend:Decrease 35.83% than previous quarter

Overall: increasing (25.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.06 (%).Trend:Decrease 7.01% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.08 (%).Trend:Increase 14.37% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 2.3% than previous quarter

Overall: increasing (11.74%). 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 44.86 (%).Trend:Decrease 0.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 51.47 (%).Trend:Increase 14.73% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 52.03 (%).Trend:Increase 1.09% than previous quarter

Overall: increasing (15.98%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q3 2022 to Q3 2023 shows a mix of positive and negative trends.  Liabilities on revenue show a moderate, overall increase, with fluctuations.  Current assets on revenue also show moderate growth.  Cost efficiency, reflected by the ratio of retained earnings to revenue, demonstrates notable growth despite some decreases.  SG&A expenses and investment efficiency (retained earnings on assets) both show consistent upward trends.