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 126.5 (%).Trend:Decrease 30.6% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 326.51 (%).Trend:Increase 158.11% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 176.93 (%).Trend:Decrease 45.81% than previous quarter

Overall: increasing (39.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 258.86 (%).Trend:Decrease 17.9% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 512.14 (%).Trend:Increase 97.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 227.62 (%).Trend:Decrease 55.56% than previous quarter

Overall: decreasing (-12.07%). 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 -106.9 (%).Trend:Decrease 39.71% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -226.95 (%).Trend:Increase 112.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -82.97 (%).Trend:Decrease 63.44% than previous quarter

Overall: increasing (-22.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -5.06 (%).Trend:Decrease 10.28% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -4.12 (%).Trend:Decrease 18.58% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.83 (%).Trend:Decrease 31.31% than previous quarter

Overall: increasing (-44.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.16 (USD).Trend:Increase 87.1% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.7 (USD).Trend:Decrease 39.66% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.45 (USD).Trend:Increase 107.14% than previous quarter

Overall: decreasing (25.0%). Fluctuation: **Significant** (high variation).



The review of Q3 2022 to Q2 2023 data shows an increase in liabilities on revenue (39.87%), but a decrease in current assets on revenue (-12.07%).  Cost efficiency shows improvement in the ratio of retained earnings to revenue (-22.39%) and retained earnings on assets (-44.07%).  Earnings per share, however, declined (-25%).  Significant volatility is observed in all metrics.