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 29.0 (%).Trend:Decrease 37.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 87.88 (%).Trend:Increase 203.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.62 (%).Trend:Decrease 48.09% than previous quarter

Overall: increasing (57.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 57.14 (%).Trend:Decrease 41.3% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 173.23 (%).Trend:Increase 203.17% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 136.89 (%).Trend:Decrease 20.98% than previous quarter

Overall: increasing (139.57%). 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 -23.08 (%).Trend:Decrease 9.1% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -48.72 (%).Trend:Increase 111.09% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -18.77 (%).Trend:Decrease 61.47% than previous quarter

Overall: increasing (-18.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.13 (%).Trend:Decrease 3.15% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.85 (%).Trend:Decrease 5.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.0 (%).Trend:Increase 0.72% than previous quarter

Overall: decreasing (-5.11%). 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 -7.46 (%).Trend:Increase 46.27% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -5.47 (%).Trend:Decrease 26.68% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -3.9 (%).Trend:Decrease 28.7% than previous quarter

Overall: increasing (-47.72%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.42 (USD).Trend:Increase 61.54% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 92.86% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.16 (USD).Trend:Increase 433.33% than previous quarter

Overall: decreasing (-61.9%). Fluctuation: **Significant** (high variation).



Q3 2022 to Q2 2023 shows significant volatility. Liabilities and current assets on revenue increased considerably, suggesting improved working capital. The ratio of retained earnings to revenue improved, but with high fluctuation. SG&A expenses decreased slightly and consistently.  Retained earnings on assets increased, while earnings per share decreased significantly.  These fluctuating metrics highlight operational instability.