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 30.02 (%).Trend:Decrease 34.18% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.95 (%).Trend:Increase 36.41% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 25.33 (%).Trend:Decrease 38.14% than previous quarter

Overall: decreasing (-15.62%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 39.23 (%).Trend:Decrease 34.31% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 54.08 (%).Trend:Increase 37.85% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 34.67 (%).Trend:Decrease 35.89% than previous quarter

Overall: decreasing (-11.62%). 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 12.66 (%).Trend:Decrease 24.64% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 23.1 (%).Trend:Increase 82.46% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 16.98 (%).Trend:Decrease 26.49% than previous quarter

Overall: increasing (34.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.37 (%).Trend:Increase 2.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 40.98 (%).Trend:Increase 1.51% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.72 (%).Trend:Increase 1.81% than previous quarter

Overall: increasing (3.34%). 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 15.73 (%).Trend:Increase 12.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 20.5 (%).Trend:Increase 30.32% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 22.82 (%).Trend:Increase 11.32% than previous quarter

Overall: increasing (45.07%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.82 (USD).Trend:Increase 40.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.59 (USD).Trend:Decrease 12.64% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.12 (USD).Trend:Increase 33.33% than previous quarter

Overall: increasing (16.48%). Fluctuation: **Neutral** (moderate variation).



Analyzing Q3 2022 to Q3 2023 data indicates decreases in Liabilities on Revenue and Current Assets on Revenue, showing moderate fluctuation. Ratio of Retained Earnings to Revenue increased significantly with high variation.  SG&A Expense Ratio increased slightly with low variation. Retained Earning on Assets and Earning Per Share both increased moderately with neutral fluctuation across three quarters.