Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 50.5 (%).Trend:Decrease 82.43% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 79.41 (%).Trend:Increase 57.25% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 51.29 (%).Trend:Decrease 35.41% than previous quarter

Overall: increasing (1.56%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 46.69 (%).Trend:Decrease 40.08% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 28.41 (%).Trend:Decrease 39.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.52 (%).Trend:Increase 14.47% than previous quarter

Overall: decreasing (-30.35%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 53.05 (%).Trend:Decrease 55.3% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 32.18 (%).Trend:Decrease 39.34% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 38.91 (%).Trend:Increase 20.91% than previous quarter

Overall: decreasing (-26.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.67 (%).Trend:Increase 2.72% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.1 (%).Trend:Decrease 10.05% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.62 (%).Trend:Decrease 29.02% than previous quarter

Overall: decreasing (-36.16%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 17.11 (%).Trend:Decrease 9.52% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 17.19 (%).Trend:Increase 0.47% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.48 (%).Trend:Increase 30.77% than previous quarter

Overall: increasing (31.39%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements for Q2 2022 to Q2 2023 show mixed results. Liabilities on revenue demonstrate a moderate overall increase with notable fluctuations. Current assets on revenue are declining overall, and the fluctuations are significant. Cost efficiency also shows a decreasing trend in the ratio of retained earnings to revenue with significant volatility. Selling, general, and administrative (SG&A) expenses show a substantial decrease. Investment efficiency shows a considerable increase in retained earnings on assets, with a neutral fluctuation overall.  The data suggest continued management focus on stabilizing working capital and cost efficiency.