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 16.21 (%).Trend:Decrease 29.24% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 45.96 (%).Trend:Increase 183.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.74 (%).Trend:Decrease 46.17% than previous quarter

Overall: increasing (52.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.51 (%).Trend:Decrease 35.31% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 116.03 (%).Trend:Increase 160.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 59.73 (%).Trend:Decrease 48.52% than previous quarter

Overall: increasing (34.19%). 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 68.66 (%).Trend:Decrease 35.04% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 184.84 (%).Trend:Increase 169.21% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 91.97 (%).Trend:Decrease 50.24% than previous quarter

Overall: increasing (33.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.07 (%).Trend:Increase 0.82% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.97 (%).Trend:Decrease 0.62% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 1.63% than previous quarter

Overall: decreasing (-2.24%). 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 72.63 (%).Trend:Increase 0.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 73.11 (%).Trend:Increase 0.66% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 71.91 (%).Trend:Decrease 1.64% than previous quarter

Overall: decreasing (-0.99%). Fluctuation: **Little** (low variation).

Earning Per Share


Analysis from Q3 2022 to Q2 2023 reveals significant volatility in working capital. Liabilities on revenue increased substantially in Q1 2023 after a decrease in Q3 2022, then decreased again in Q2 2023. Current assets also show significant increases in Q1 2023, followed by a drop in Q2 2023. Cost efficiency metrics demonstrate marked fluctuations. The retained earnings-to-revenue ratio increased sharply in Q1 2023, then decreased in Q2 2023. SG&A expense ratios, however, show relatively minor fluctuations, indicating steady cost control efforts. Investment efficiency shows a slight overall decline in retained earnings on assets. The data indicate a period of considerable volatility in working capital and cost efficiency, with potential for improvement in specific areas evident in Q1 2023.