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 48.08 (%).Trend:Decrease 53.68% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 36.4 (%).Trend:Decrease 24.29% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.72 (%).Trend:Increase 28.35% than previous quarter

Overall: decreasing (-2.83%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 83.97 (%).Trend:Decrease 52.66% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 59.21 (%).Trend:Decrease 29.49% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 81.9 (%).Trend:Increase 38.32% than previous quarter

Overall: decreasing (-2.47%). Fluctuation: **Neutral** (moderate 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 102.64 (%).Trend:Decrease 50.2% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 65.16 (%).Trend:Decrease 36.52% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 94.46 (%).Trend:Increase 44.97% than previous quarter

Overall: decreasing (-7.97%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.22 (%).Trend:Decrease 2.97% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.98 (%).Trend:Decrease 4.6% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.33 (%).Trend:Increase 7.03% than previous quarter

Overall: increasing (2.11%). Fluctuation: **Little** (low 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 79.68 (%).Trend:Increase 6.0% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 75.41 (%).Trend:Decrease 5.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 79.36 (%).Trend:Increase 5.24% than previous quarter

Overall: decreasing (-0.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.64 (USD).Trend:Increase 107.59% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.2 (USD).Trend:Increase 95.12% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.91 (USD).Trend:Decrease 40.31% than previous quarter

Overall: increasing (16.46%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q2 2023 shows moderate overall variation. Liabilities and current assets on revenue display mixed trends with fluctuations. Cost efficiency (retained earnings ratio) shows a consistent downward trend. Selling, general, and administrative (SG&A) expenses trend upward. Investment efficiency stays consistent. Earnings per share exhibit an increase, but with a significant decrease in the last quarter.