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 53.99 (%).Trend:Decrease 25.83% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 149.3 (%).Trend:Increase 176.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 77.14 (%).Trend:Decrease 48.33% than previous quarter

Overall: increasing (42.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 126.08 (%).Trend:Decrease 32.65% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 346.85 (%).Trend:Increase 175.1% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 171.64 (%).Trend:Decrease 50.51% than previous quarter

Overall: increasing (36.14%). 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 -85.77 (%).Trend:Decrease 33.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -316.96 (%).Trend:Increase 269.55% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -168.81 (%).Trend:Decrease 46.74% than previous quarter

Overall: decreasing (96.82%). 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 -45.67 (%).Trend:Increase 0.04% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -60.61 (%).Trend:Increase 32.71% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -65.36 (%).Trend:Increase 7.84% than previous quarter

Overall: decreasing (43.11%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data from Q3 2022 to Q2 2023 shows considerable variability.  While liabilities on revenue and current assets on revenue increased overall (42.88% and 36.14% respectively),  the quarter-to-quarter changes were dramatic.  Conversely, retained earnings to revenue and retained earnings on assets decreased significantly (96.82% and 43.11% respectively), also with high volatility.  This instability requires further examination.