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 24.68 (%).Trend:Decrease 34.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 67.83 (%).Trend:Increase 174.84% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.64 (%).Trend:Decrease 50.41% than previous quarter

Overall: increasing (36.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 128.67 (%).Trend:Decrease 31.48% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 511.07 (%).Trend:Increase 297.19% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 235.1 (%).Trend:Decrease 54.0% than previous quarter

Overall: increasing (82.72%). 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 220.37 (%).Trend:Decrease 33.13% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 815.82 (%).Trend:Increase 270.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 367.69 (%).Trend:Decrease 54.93% than previous quarter

Overall: increasing (66.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.17 (%).Trend:Increase 3.27% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.67 (%).Trend:Increase 9.2% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.57 (%).Trend:Decrease 10.45% than previous quarter

Overall: decreasing (-2.21%). 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 70.09 (%).Trend:Increase 0.01% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 72.77 (%).Trend:Increase 3.82% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 71.73 (%).Trend:Decrease 1.43% than previous quarter

Overall: increasing (2.34%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q3 2022 to Q2 2023 indicate significant volatility in working capital efficiency.  Liabilities on revenue show a large increase in Q1 2023 followed by a decrease in Q2 2023. Current assets on revenue experience a similar volatile pattern. Cost efficiency demonstrates significant fluctuation in the ratio of retained earnings to revenue. The SG&A expense ratio shows a slight decrease overall, with little variation.  Investment efficiency shows a minor increase in retained earnings on assets with little fluctuation.