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 24.03 (%).Trend:Decrease 56.18% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 108.92 (%).Trend:Increase 353.27% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.9 (%).Trend:Decrease 55.1% than previous quarter

Overall: increasing (103.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 56.19 (%).Trend:Decrease 44.07% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 216.28 (%).Trend:Increase 284.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.35 (%).Trend:Decrease 52.68% than previous quarter

Overall: increasing (82.15%). 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 25.83 (%).Trend:Decrease 26.49% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 92.18 (%).Trend:Increase 256.87% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 44.97 (%).Trend:Decrease 51.22% than previous quarter

Overall: increasing (74.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 37.16 (%).Trend:Decrease 2.62% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.47 (%).Trend:Increase 30.44% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.13 (%).Trend:Decrease 8.95% than previous quarter

Overall: increasing (18.76%). 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 30.13 (%).Trend:Increase 26.81% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 27.73 (%).Trend:Decrease 7.97% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.22 (%).Trend:Increase 5.37% than previous quarter

Overall: decreasing (-3.02%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.36 (USD).Trend:Increase 63.86% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 91.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.56 (USD).Trend:Increase 366.67% than previous quarter

Overall: decreasing (-58.82%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals significant volatility in working capital. Liabilities and current assets on revenue show substantial fluctuations, increasing then decreasing.  Cost efficiency, measured by the ratio of retained earnings to revenue, displays significant variation, increasing initially, then decreasing. The Selling, General & Administrative (SG&A) expense ratio shows a neutral trend, increasing slightly overall. Investment efficiency reveals a slight decrease in retained earnings on assets. Earnings per share also decreased overall, though with substantial fluctuations.