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 28.96 (%).Trend:Decrease 14.6% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.28 (%).Trend:Increase 121.96% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.79 (%).Trend:Decrease 50.54% than previous quarter

Overall: increasing (9.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 85.86 (%).Trend:Decrease 27.9% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 230.42 (%).Trend:Increase 168.37% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 117.27 (%).Trend:Decrease 49.11% than previous quarter

Overall: increasing (36.58%). 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 -64.43 (%).Trend:Decrease 39.93% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -152.04 (%).Trend:Increase 135.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -72.55 (%).Trend:Decrease 52.28% than previous quarter

Overall: decreasing (12.6%). 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 -46.33 (%).Trend:Decrease 11.5% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -41.55 (%).Trend:Decrease 10.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -39.37 (%).Trend:Decrease 5.25% than previous quarter

Overall: increasing (-15.02%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.45 (USD).Trend:Increase 87.5% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 66.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.29 (USD).Trend:Increase 93.33% than previous quarter

Overall: decreasing (-35.56%). Fluctuation: **Significant** (high variation).



The analysis of Q3 2022 to Q2 2023 shows significant volatility in key financial metrics. Liabilities and current assets on revenue initially increased dramatically, then decreased. The ratio of retained earnings to revenue worsened, whereas retained earnings on assets improved.  Earnings per share decreased followed by a significant increase.  The large fluctuations demand additional analysis.