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 24.49 (%).Trend:Decrease 36.62% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 98.01 (%).Trend:Increase 300.2% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.35 (%).Trend:Decrease 50.67% than previous quarter

Overall: increasing (97.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 34.39 (%).Trend:Decrease 34.38% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 105.6 (%).Trend:Increase 207.07% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 53.44 (%).Trend:Decrease 49.39% than previous quarter

Overall: increasing (55.39%). 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 -31.28 (%).Trend:Decrease 17.07% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -93.86 (%).Trend:Increase 200.06% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -43.46 (%).Trend:Decrease 53.7% than previous quarter

Overall: decreasing (38.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.13 (%).Trend:Increase 0.68% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.01 (%).Trend:Increase 11.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.49 (%).Trend:Decrease 4.0% than previous quarter

Overall: increasing (6.91%). 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 -46.19 (%).Trend:Increase 25.76% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -43.73 (%).Trend:Decrease 5.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -40.25 (%).Trend:Decrease 7.96% than previous quarter

Overall: increasing (-12.86%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 show significant volatility.  Liabilities on revenue increased sharply in Q1 2023 before decreasing in Q2 2023. Current assets on revenue exhibited a similar pattern. The ratio of retained earnings to revenue decreased across the period, with substantial fluctuations suggesting operational or market-related changes. The selling, general, and administrative (SG&A) expense ratio displays minor overall increase, with only little fluctuation.  Investment efficiency shows a slight decrease in retained earnings on assets, but the high degree of variation merits investigation.