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 35.85 (%).Trend:Decrease 48.13% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 94.66 (%).Trend:Increase 164.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 53.71 (%).Trend:Decrease 43.26% than previous quarter

Overall: increasing (49.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 485.31 (%).Trend:Decrease 37.69% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1321.24 (%).Trend:Increase 172.25% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 637.23 (%).Trend:Decrease 51.77% than previous quarter

Overall: increasing (31.3%). 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 -481.29 (%).Trend:Decrease 26.74% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1434.72 (%).Trend:Increase 198.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -696.53 (%).Trend:Decrease 51.45% than previous quarter

Overall: decreasing (44.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 91.25 (%).Trend:Decrease 8.24% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 73.39 (%).Trend:Decrease 19.57% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 71.4 (%).Trend:Decrease 2.71% than previous quarter

Overall: decreasing (-21.75%). 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 -85.87 (%).Trend:Increase 20.38% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -95.54 (%).Trend:Increase 11.26% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -96.53 (%).Trend:Increase 1.04% than previous quarter

Overall: decreasing (12.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 70.94% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 92.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.33 (USD).Trend:Increase 106.25% than previous quarter

Overall: increasing (-83.5%). Fluctuation: **Significant** (high variation).



Between Q3 2022 and Q2 2023, Liabilities on Revenue and Current Assets on Revenue increased overall, but with significant fluctuations.  The Ratio of Retained Earnings to Revenue decreased significantly (44.72%), while the SG&A Expense Ratio decreased (21.75%). Retained Earnings on Assets decreased (12.41%), also with significant variation. Earning Per Share showed significant fluctuations, with an overall increase of -83.5%.