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 44.78 (%).Trend:Decrease 27.09% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 120.74 (%).Trend:Increase 169.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 76.93 (%).Trend:Decrease 36.28% than previous quarter

Overall: increasing (71.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 77.49 (%).Trend:Decrease 19.87% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 153.84 (%).Trend:Increase 98.53% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.33 (%).Trend:Decrease 48.43% than previous quarter

Overall: increasing (2.37%). 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 -532.85 (%).Trend:Decrease 30.49% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1624.22 (%).Trend:Increase 204.82% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -843.42 (%).Trend:Decrease 48.07% than previous quarter

Overall: decreasing (58.28%). 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 -160.2 (%).Trend:Decrease 0.96% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -161.01 (%).Trend:Increase 0.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -155.9 (%).Trend:Decrease 3.17% than previous quarter

Overall: increasing (-2.68%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.47 (USD).Trend:Increase 80.77% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 82.98% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.18 (USD).Trend:Increase 125.0% than previous quarter

Overall: increasing (-61.7%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2022 to Q2 2023 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased significantly (71.8%) with high variation, while current assets on revenue also increased (2.37%) with similar volatility. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased considerably (58.28%) with substantial variation.  Investment efficiency, as indicated by retained earnings on assets, showed a slight overall increase (-2.68%) with high variation. Earning per share also saw an overall increase (-61.7%) with significant volatility.  The data suggests a dynamic, yet challenging financial performance during this period.