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 43.67 (%).Trend:Decrease 32.98% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 110.77 (%).Trend:Increase 153.65% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.21 (%).Trend:Decrease 50.16% than previous quarter

Overall: increasing (26.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52.92 (%).Trend:Decrease 31.67% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 159.46 (%).Trend:Increase 201.32% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.89 (%).Trend:Decrease 53.04% than previous quarter

Overall: increasing (41.52%). 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 -85.4 (%).Trend:Decrease 15.55% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -297.61 (%).Trend:Increase 248.49% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -150.03 (%).Trend:Decrease 49.59% than previous quarter

Overall: decreasing (75.68%). 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 -53.97 (%).Trend:Increase 40.88% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -77.61 (%).Trend:Increase 43.8% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -82.12 (%).Trend:Increase 5.81% than previous quarter

Overall: decreasing (52.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -6.26 (USD).Trend:Increase 91.44% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.57 (USD).Trend:Decrease 90.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.79 (USD).Trend:Increase 38.6% than previous quarter

Overall: increasing (-87.38%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 indicate significant volatility in key financial metrics. Working capital, including liabilities and current assets on revenue, shows increasing overall trends but with marked fluctuations between quarters.  Cost efficiency, as measured by retained earnings to revenue, shows a clear decreasing trend with a significant variance between quarters. Investment efficiency (retained earnings on assets) is decreasing but also highly variable. Earnings per share show an overall increasing trend, although with significant fluctuations.