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 16.72 (%).Trend:Decrease 29.69% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 51.08 (%).Trend:Increase 205.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 22.61 (%).Trend:Decrease 55.74% than previous quarter

Overall: increasing (35.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 45.34 (%).Trend:Decrease 20.16% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 189.11 (%).Trend:Increase 317.09% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 77.72 (%).Trend:Decrease 58.9% than previous quarter

Overall: increasing (71.42%). 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 326.16 (%).Trend:Decrease 32.95% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 1064.34 (%).Trend:Increase 226.32% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 542.81 (%).Trend:Decrease 49.0% than previous quarter

Overall: increasing (66.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.71 (%).Trend:Decrease 1.7% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.39 (%).Trend:Increase 5.35% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.34 (%).Trend:Decrease 0.37% than previous quarter

Overall: increasing (4.96%). Fluctuation: **Little** (low variation).


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 108.14 (%).Trend:Decrease 0.67% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 106.57 (%).Trend:Decrease 1.45% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 112.28 (%).Trend:Increase 5.36% than previous quarter

Overall: increasing (3.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.84 (USD).Trend:Increase 54.62% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.46 (USD).Trend:Decrease 75.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.37 (USD).Trend:Increase 197.83% than previous quarter

Overall: decreasing (-25.54%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 indicates substantial volatility.  Working capital efficiency, as measured by liabilities and current assets on revenue, shows an overall increasing trend, but with major fluctuations. Cost efficiency, as measured by the ratio of retained earnings to revenue, also exhibits an upward pattern but with large variations.  SG&A expense ratio trended slightly upward, while investment efficiency saw a slight increase. Earnings per share decreased overall with significant fluctuation.