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 25.3 (%).Trend:Decrease 32.75% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.93 (%).Trend:Increase 156.64% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.73 (%).Trend:Decrease 41.89% than previous quarter

Overall: increasing (49.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 146.94 (%).Trend:Decrease 41.13% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 482.71 (%).Trend:Increase 228.51% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 267.95 (%).Trend:Decrease 44.49% than previous quarter

Overall: increasing (82.35%). 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 244.82 (%).Trend:Decrease 39.59% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 705.47 (%).Trend:Increase 188.16% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 364.92 (%).Trend:Decrease 48.27% than previous quarter

Overall: increasing (49.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.96 (%).Trend:Increase 0.29% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.76 (%).Trend:Decrease 1.43% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.88 (%).Trend:Increase 8.14% than previous quarter

Overall: increasing (6.59%). 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 53.12 (%).Trend:Increase 0.25% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 48.88 (%).Trend:Decrease 7.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 48.39 (%).Trend:Decrease 1.0% than previous quarter

Overall: decreasing (-8.9%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 reveal a mixed picture.  Working capital efficiency, measured by liabilities and current assets on revenue, showed substantial increases and decreases, indicating significant volatility.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also fluctuated considerably.  While SG&A expenses showed a minor increase, investment efficiency (retained earnings on assets) exhibited a notable downward trend.  Overall, the statements suggest major strategic adjustments and potential areas for concern, including the volatility of working capital and cost efficiency.