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 data from Q3 2022 to Q3 2023 indicates mixed results. Liabilities on revenue show an overall slight positive trend, though fluctuations are evident.  Current assets on revenue had a similar mixed trend.  The ratio of retained earnings to revenue saw a substantial increase but with significant variation.  SG&A expenses and investment efficiency (retained earnings on assets) both demonstrate steady increases.