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 145.34 (%).Trend:Decrease 33.44% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 392.48 (%).Trend:Increase 170.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 213.85 (%).Trend:Decrease 45.51% than previous quarter

Overall: increasing (47.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 462.05 (%).Trend:Decrease 31.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1030.07 (%).Trend:Increase 122.93% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 463.18 (%).Trend:Decrease 55.03% than previous quarter

Overall: increasing (0.24%). 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 -2267.24 (%).Trend:Decrease 30.52% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -5761.66 (%).Trend:Increase 154.13% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -2896.72 (%).Trend:Decrease 49.72% than previous quarter

Overall: decreasing (27.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 149.93 (%).Trend:Decrease 5.83% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 122.9 (%).Trend:Decrease 18.03% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 127.43 (%).Trend:Increase 3.69% than previous quarter

Overall: decreasing (-15.01%). 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 -410.63 (%).Trend:Increase 1.53% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -556.65 (%).Trend:Increase 35.56% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -618.73 (%).Trend:Increase 11.15% than previous quarter

Overall: decreasing (50.68%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of financial statements from Q3 2022 to Q2 2023 reveals significant fluctuations in working capital efficiency metrics.  Liabilities on revenue increased overall by 47.14%, while current assets on revenue showed a negligible increase of 0.24%.  Cost efficiency metrics show a decreasing trend in the ratio of retained earnings to revenue (-27.76%), but a decreasing SG&A expense ratio (-15.01%). Investment efficiency, indicated by retained earnings on assets, decreased by 50.68%.  All metrics except SG&A expense ratio exhibited significant fluctuations.