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 31.46 (%).Trend:Decrease 37.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.82 (%).Trend:Increase 118.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.53 (%).Trend:Decrease 36.75% than previous quarter

Overall: increasing (38.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 80.29 (%).Trend:Decrease 30.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 183.77 (%).Trend:Increase 128.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 91.57 (%).Trend:Decrease 50.17% than previous quarter

Overall: increasing (14.05%). 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 16.77 (%).Trend:Decrease 29.74% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 57.7 (%).Trend:Increase 244.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 27.35 (%).Trend:Decrease 52.6% than previous quarter

Overall: increasing (63.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.15 (%).Trend:Increase 6.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.21 (%).Trend:Increase 33.4% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.81 (%).Trend:Decrease 1.98% than previous quarter

Overall: increasing (30.76%). 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 17.89 (%).Trend:Increase 3.23% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 21.98 (%).Trend:Increase 22.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.13 (%).Trend:Decrease 3.87% than previous quarter

Overall: increasing (18.11%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q3 2022 to Q2 2023 displays notable volatility. Liabilities on revenue show a significant increase in Q1 2023 followed by a significant decrease in Q2 2023.  Current assets on revenue trended similarly, experiencing high variation. Cost efficiency shows high variation in the retained earnings to revenue ratio. The SG&A expense ratio shows a moderate increasing trend. Investment efficiency reveals moderate fluctuations in retained earnings on assets.