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 17.82 (%).Trend:Decrease 37.95% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 53.91 (%).Trend:Increase 202.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.69 (%).Trend:Decrease 52.35% than previous quarter

Overall: increasing (44.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 5.8 (%).Trend:Decrease 31.03% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 16.72 (%).Trend:Increase 188.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 9.48 (%).Trend:Decrease 43.3% than previous quarter

Overall: increasing (63.45%). 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 -37.36 (%).Trend:Decrease 35.06% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -112.24 (%).Trend:Increase 200.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -56.84 (%).Trend:Decrease 49.36% than previous quarter

Overall: decreasing (52.14%). 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 -40.6 (%).Trend:Decrease 1.93% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -40.54 (%).Trend:Decrease 0.15% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -39.94 (%).Trend:Decrease 1.48% than previous quarter

Overall: increasing (-1.63%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.09 (USD).Trend:Decrease 18.18% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.07 (USD).Trend:Decrease 22.22% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.1 (USD).Trend:Increase 42.86% than previous quarter

Overall: decreasing (11.11%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows high volatility across key metrics. Working capital efficiency, measured by liabilities and current assets on revenue, displays fluctuating trends (liabilities increasing in Q1 2023, then decreasing in Q2 2023).  Cost efficiency, represented by the retained earnings-to-revenue ratio, demonstrates a downward trend.  Invest efficiency (retained earnings on assets) indicates a slightly increasing trend, but with significant variations. Earnings per share shows fluctuating negative values. The high variability suggests instability, and further investigation into the underlying factors is needed.