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 17.37 (%).Trend:Decrease 30.1% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 45.81 (%).Trend:Increase 163.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 22.16 (%).Trend:Decrease 51.63% than previous quarter

Overall: increasing (27.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 33.52 (%).Trend:Decrease 33.85% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 101.79 (%).Trend:Increase 203.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.26 (%).Trend:Decrease 51.61% than previous quarter

Overall: increasing (46.96%). 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 34.52 (%).Trend:Decrease 30.3% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 128.55 (%).Trend:Increase 272.39% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 66.4 (%).Trend:Decrease 48.35% than previous quarter

Overall: increasing (92.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.6 (%).Trend:Decrease 3.9% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.03 (%).Trend:Increase 46.15% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.97 (%).Trend:Decrease 14.68% than previous quarter

Overall: increasing (24.69%). Fluctuation: **Neutral** (moderate 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 42.42 (%).Trend:Increase 7.5% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 40.71 (%).Trend:Decrease 4.03% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 43.25 (%).Trend:Increase 6.24% than previous quarter

Overall: increasing (1.96%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.92 (USD).Trend:Increase 68.42% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 96.88% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.71 (USD).Trend:Increase 1083.33% than previous quarter

Overall: decreasing (-63.02%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2022 to Q2 2023 indicate substantial volatility in key areas.  Liabilities on revenue showed a decrease followed by a significant increase and a subsequent decline.  Current assets on revenue exhibited a similar pattern of fluctuation.  Cost efficiency, as measured by retained earnings to revenue, showed significant fluctuation, with a substantial increase in Q1 2023 and decreases thereafter. The Selling, General & Administrative (SG&A) expense ratio demonstrates a moderate pattern of fluctuation.  Investment efficiency remained fairly stable, with consistent increases in retained earnings on assets. Earnings per share showed extreme volatility, decreasing dramatically in Q1 2023, increasing dramatically in Q2 2023, and rising again in Q3 2023. This analysis suggests considerable internal shifts and external pressures requiring careful monitoring.