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 20.29 (%).Trend:Decrease 40.38% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.95 (%).Trend:Increase 32.82% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 18.62 (%).Trend:Decrease 30.91% than previous quarter

Overall: decreasing (-8.23%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 30.47 (%).Trend:Decrease 37.08% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.97 (%).Trend:Increase 64.0% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 35.97 (%).Trend:Decrease 28.02% than previous quarter

Overall: increasing (18.05%). Fluctuation: **Significant** (high 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 33.31 (%).Trend:Decrease 34.03% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 58.58 (%).Trend:Increase 75.86% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 42.22 (%).Trend:Decrease 27.93% than previous quarter

Overall: increasing (26.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.9 (%).Trend:Decrease 1.77% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.22 (%).Trend:Increase 14.83% than previous quarter
Year 2023 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.41 (%).Trend:Increase 1.86% than previous quarter

Overall: increasing (16.97%). 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 47.86 (%).Trend:Increase 2.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 53.96 (%).Trend:Increase 12.75% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 55.33 (%).Trend:Increase 2.54% than previous quarter

Overall: increasing (15.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.87 (USD).Trend:Increase 22.54% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.62 (USD).Trend:Increase 86.21% than previous quarter
Year 2023 Quarter 3: Earning Per Share 2.13 (USD).Trend:Increase 31.48% than previous quarter

Overall: increasing (144.83%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q3 2023 reveals a mixed financial performance. Liabilities on revenue show a slight overall decrease (-8.23%), with moderate fluctuation. Current assets on revenue display a notable increase (18.05%) with significant variation.  Cost efficiency, as measured by retained earnings to revenue, shows an increase (26.75%) with large fluctuations. SG&A expense ratio demonstrates consistent growth (16.97%), exhibiting less variation.  Investment efficiency (15.61%) shows a continuing increase in retained earnings on assets, with minimal variation.  EPS (144.83%) experienced a considerable upward trend with substantial fluctuation.