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 25.42 (%).Trend:Decrease 35.27% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 80.14 (%).Trend:Increase 215.26% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.65 (%).Trend:Decrease 51.77% than previous quarter

Overall: increasing (52.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 155.13 (%).Trend:Decrease 35.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 400.6 (%).Trend:Increase 158.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 181.02 (%).Trend:Decrease 54.81% than previous quarter

Overall: increasing (16.69%). 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 -0.34 (%).Trend:Decrease 96.59% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 1.42 (%).Trend:Decrease 517.65% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1.27 (%).Trend:Decrease 10.56% than previous quarter

Overall: increasing (-473.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.69 (%).Trend:Decrease 1.41% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.14 (%).Trend:Increase 12.03% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.08 (%).Trend:Decrease 3.3% than previous quarter

Overall: increasing (8.33%). 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 -0.14 (%).Trend:Decrease 94.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.18 (%).Trend:Decrease 228.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 0.36 (%).Trend:Increase 100.0% than previous quarter

Overall: increasing (-357.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.66 (USD).Trend:Increase 53.49% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 81.82% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.37 (USD).Trend:Increase 208.33% than previous quarter

Overall: decreasing (-43.94%). Fluctuation: **Significant** (high variation).



Q3 2022 to Q2 2023 data shows significant volatility. Liabilities on Revenue increased (52.05%), while Current Assets on Revenue increased less dramatically (16.69%). The Ratio of Retained Earnings to Revenue increased significantly (-473.53%). SG&A expenses increased slightly (8.33%). Retained Earnings on Assets increased significantly (-357.14%).  Earnings Per Share decreased (-43.94%).  These fluctuations are substantial and warrant further analysis.