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 35.46 (%).Trend:Decrease 20.05% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 52.12 (%).Trend:Increase 46.98% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 43.26 (%).Trend:Decrease 17.0% than previous quarter

Overall: increasing (22.0%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 67.94 (%).Trend:Decrease 27.13% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 105.1 (%).Trend:Increase 54.7% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 77.69 (%).Trend:Decrease 26.08% than previous quarter

Overall: increasing (14.35%). 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 12.87 (%).Trend:Decrease 28.42% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 20.88 (%).Trend:Increase 62.24% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 13.69 (%).Trend:Decrease 34.43% than previous quarter

Overall: increasing (6.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.93 (%).Trend:Decrease 8.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.08 (%).Trend:Increase 15.43% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.89 (%).Trend:Decrease 7.4% than previous quarter

Overall: increasing (6.89%). 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 8.97 (%).Trend:Increase 5.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.44 (%).Trend:Increase 5.24% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 8.84 (%).Trend:Decrease 6.36% than previous quarter

Overall: decreasing (-1.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.16 (USD).Trend:Increase 96.61% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.46 (USD).Trend:Decrease 60.34% than previous quarter
Year 2023 Quarter 3: Earning Per Share 0.71 (USD).Trend:Increase 54.35% than previous quarter

Overall: decreasing (-38.79%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q3 2023 shows mixed performance. Liabilities on revenue are slightly increasing, while current assets on revenue show a moderate uptrend. Cost efficiency (ratio of retained earnings to revenue) rises with significant fluctuation. Selling, General & Administrative (SG&A) expense ratio demonstrates a moderate increase with little variation.  Investment efficiency (retained earnings on assets) decreases slightly. Earnings per share decreases with significant volatility.