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 34.56 (%).Trend:Decrease 27.53% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 104.4 (%).Trend:Increase 202.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 49.38 (%).Trend:Decrease 52.7% than previous quarter

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

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 43.13 (%).Trend:Decrease 28.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 132.0 (%).Trend:Increase 206.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 64.14 (%).Trend:Decrease 51.41% than previous quarter

Overall: increasing (48.71%). 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 3.29 (%).Trend:Decrease 27.53% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 12.18 (%).Trend:Increase 270.21% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 6.65 (%).Trend:Decrease 45.4% than previous quarter

Overall: increasing (102.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.23 (%).Trend:Decrease 1.86% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.33 (%).Trend:Increase 2.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.55 (%).Trend:Increase 5.08% than previous quarter

Overall: increasing (7.57%). 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 5.21 (%).Trend:Increase 4.83% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 6.3 (%).Trend:Increase 20.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.94 (%).Trend:Increase 10.16% than previous quarter

Overall: increasing (33.21%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.48 (USD).Trend:Increase 52.9% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.76 (USD).Trend:Decrease 60.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.18 (USD).Trend:Increase 80.68% than previous quarter

Overall: decreasing (-29.02%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 shows considerable fluctuations in key financial metrics.  Liabilities and current assets on revenue reveal substantial increases and decreases, resulting in a positive overall trend with high variation. Cost efficiency, measured by the retained earnings to revenue ratio, demonstrates an increase with high fluctuation. Selling, General and Administrative (SG&A) expenses show a modest increase with low variation. Investment efficiency shows a consistent upward trend. Earnings per share, however, demonstrate a significant decrease with high variation.