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 78.72 (%).Trend:Increase 27.44% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 161.22 (%).Trend:Increase 104.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.54 (%).Trend:Decrease 70.51% than previous quarter

Overall: decreasing (-39.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 131.22 (%).Trend:Decrease 0.78% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 272.85 (%).Trend:Increase 107.93% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 130.51 (%).Trend:Decrease 52.17% than previous quarter

Overall: decreasing (-0.54%). 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 4.73 (%).Trend:Decrease 97.89% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 2.47 (%).Trend:Decrease 47.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -6.3 (%).Trend:Decrease 355.06% than previous quarter

Overall: decreasing (-233.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.58 (%).Trend:Increase 14.64% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.81 (%).Trend:Increase 6.28% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.57 (%).Trend:Decrease 1.15% than previous quarter

Overall: increasing (5.06%). 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 1.72 (%).Trend:Decrease 98.59% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.41 (%).Trend:Decrease 76.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.18 (%).Trend:Decrease 631.71% than previous quarter

Overall: decreasing (-226.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.72 (USD).Trend:Decrease 3700.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.44 (USD).Trend:Decrease 38.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.87 (USD).Trend:Increase 97.73% than previous quarter

Overall: decreasing (20.83%). Fluctuation: **Significant** (high variation).



Finance Statement Response 1 (Q3 2022-Q2 2023) displays significant financial instability.  Liabilities on revenue experienced substantial fluctuations, decreasing significantly but then fluctuating again. Current assets on revenue also display considerable fluctuation.  Cost efficiency shows a substantial overall decline in the retained earnings-to-revenue ratio, characterized by extreme variability.  SG&A expense ratio exhibits modest fluctuations. Investment efficiency demonstrates extreme decline. Earnings per share trend shows consistent decreases and major volatility. The analysis suggests a pattern of severe financial instability.