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

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 28.12 (%).Trend:Decrease 27.67% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.95 (%).Trend:Increase 130.97% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.85 (%).Trend:Decrease 43.26% than previous quarter

Overall: increasing (31.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 48.98 (%).Trend:Decrease 27.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 130.44 (%).Trend:Increase 166.31% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 63.06 (%).Trend:Decrease 51.66% than previous quarter

Overall: increasing (28.75%). Fluctuation: **Significant** (high variation).


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

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 15.59 (%).Trend:Decrease 39.22% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 37.34 (%).Trend:Increase 139.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 12.48 (%).Trend:Decrease 66.58% than previous quarter

Overall: decreasing (-19.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 15.05 (%).Trend:Decrease 10.31% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 13.36 (%).Trend:Decrease 11.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.36 (%).Trend:Decrease 29.94% than previous quarter

Overall: decreasing (-37.81%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial data for Q3 2022 to Q2 2023 reveals significant volatility in working capital efficiency, cost efficiency, and investment efficiency.  Liabilities and current assets on revenue show initial decreases followed by sharp increases and decreases, reflecting instability. The ratio of retained earnings to revenue follows a similar pattern – an initial decrease followed by a significant increase then a steep decline. In contrast, investment efficiency displays a steady, though moderate decrease in retained earnings on assets.  Overall, the large fluctuations in all metrics point to operational instability or rapid changes in the business.