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 17.98 (%).Trend:Decrease 41.16% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 72.05 (%).Trend:Increase 300.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.49 (%).Trend:Decrease 50.74% than previous quarter

Overall: increasing (97.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 39.37 (%).Trend:Decrease 42.03% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 138.14 (%).Trend:Increase 250.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.59 (%).Trend:Decrease 51.07% than previous quarter

Overall: increasing (71.68%). 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 16.06 (%).Trend:Decrease 41.49% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 21.12 (%).Trend:Increase 31.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -7.09 (%).Trend:Decrease 133.57% than previous quarter

Overall: decreasing (-144.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.59 (%).Trend:Increase 1.7% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.5 (%).Trend:Increase 28.98% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.07 (%).Trend:Decrease 16.82% than previous quarter

Overall: increasing (7.28%). 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 15.51 (%).Trend:Decrease 8.82% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 5.62 (%).Trend:Decrease 63.77% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -4.14 (%).Trend:Decrease 173.67% than previous quarter

Overall: decreasing (-126.69%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.81 (USD).Trend:Decrease 223.13% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.4 (USD).Trend:Decrease 22.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share -11.34 (USD).Trend:Increase 710.0% than previous quarter

Overall: decreasing (526.52%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q2 2023 highlight significant volatility in financial performance. Working capital efficiency shows significant fluctuations with substantial increases in Q1 2023 followed by decreases, while cost efficiency (retained earnings to revenue) demonstrates a substantial decrease in Q2 2023.  Selling, general, and administrative expense shows a slight increase, however, investment efficiency and earnings per share show significant declines throughout the period. These findings signal a potential financial crisis.