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 27.44 (%).Trend:Decrease 32.1% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 76.56 (%).Trend:Increase 179.01% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.24 (%).Trend:Decrease 52.66% than previous quarter

Overall: increasing (32.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 94.49 (%).Trend:Decrease 31.35% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 295.38 (%).Trend:Increase 212.6% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 142.55 (%).Trend:Decrease 51.74% than previous quarter

Overall: increasing (50.86%). 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 8.07 (%).Trend:Decrease 21.5% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 35.65 (%).Trend:Increase 341.76% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 17.84 (%).Trend:Decrease 49.96% than previous quarter

Overall: increasing (121.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.11 (%).Trend:Decrease 0.07% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.74 (%).Trend:Increase 4.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.85 (%).Trend:Increase 0.75% than previous quarter

Overall: increasing (5.24%). 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 4.36 (%).Trend:Increase 17.2% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 6.21 (%).Trend:Increase 42.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.5 (%).Trend:Increase 4.67% than previous quarter

Overall: increasing (49.08%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.43 (USD).Trend:Increase 86.96% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.08 (USD).Trend:Decrease 81.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Increase 125.0% than previous quarter

Overall: decreasing (-58.14%). Fluctuation: **Significant** (high variation).



The financial performance from Q3 2022 to Q2 2023 exhibits significant volatility. Liabilities on revenue increased overall (32.07%), mirroring the increase in current assets on revenue (50.86%).  The ratio of retained earnings to revenue also experienced a substantial rise (121.07%), though the SG&A expense ratio only increased slightly (5.24%).  Retained earnings on assets also increased (49.08%), but earnings per share decreased significantly (-58.14%), indicating substantial fluctuations.