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 47.18 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 105.83 (%).Trend:Increase 124.31% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.74 (%).Trend:Decrease 55.83% than previous quarter

Overall: decreasing (-0.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 120.65 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 286.32 (%).Trend:Increase 137.31% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 134.13 (%).Trend:Decrease 53.15% than previous quarter

Overall: increasing (11.17%). 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 -573.94 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1334.02 (%).Trend:Increase 132.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -691.81 (%).Trend:Decrease 48.14% than previous quarter

Overall: decreasing (20.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 57.36 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 47.01 (%).Trend:Decrease 18.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.29 (%).Trend:Decrease 3.66% than previous quarter

Overall: decreasing (-21.04%). 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 -314.55 (%).Trend:Increase 5.21% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -320.85 (%).Trend:Increase 2.0% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -346.19 (%).Trend:Increase 7.9% than previous quarter

Overall: decreasing (10.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.81 (USD).Trend:Increase 42.11% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.24 (USD).Trend:Decrease 70.37% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.45 (USD).Trend:Increase 87.5% than previous quarter

Overall: increasing (-44.44%). Fluctuation: **Significant** (high variation).



The period from Q3 2022 to Q2 2023 shows considerable volatility. Liabilities on revenue show a slight overall decrease, but significant quarter-to-quarter changes. Current assets on revenue show an overall increase, also with substantial fluctuations.  Retained earnings to revenue and SG&A expense ratios both decreased overall. Retained earnings on assets and earnings per share show overall decreases with significant volatility.