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 49.8 (%).Trend:Increase 32.59% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 78.58 (%).Trend:Increase 57.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.31 (%).Trend:Decrease 41.07% than previous quarter

Overall: decreasing (-7.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 109.99 (%).Trend:Decrease 17.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 220.21 (%).Trend:Increase 100.21% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.46 (%).Trend:Decrease 47.11% than previous quarter

Overall: increasing (5.88%). 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 95.73 (%).Trend:Decrease 39.28% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 228.4 (%).Trend:Increase 138.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 108.05 (%).Trend:Decrease 52.69% than previous quarter

Overall: increasing (12.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.0 (%).Trend:Decrease 11.89% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.89 (%).Trend:Decrease 11.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.52 (%).Trend:Decrease 4.16% than previous quarter

Overall: decreasing (-14.8%). 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 37.71 (%).Trend:Decrease 12.1% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 40.62 (%).Trend:Increase 7.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 38.96 (%).Trend:Decrease 4.09% than previous quarter

Overall: increasing (3.31%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.07 (USD).Trend:Increase 17.58% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.14 (USD).Trend:Decrease 86.92% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.02 (USD).Trend:Decrease 85.71% than previous quarter

Overall: increasing (-98.13%). Fluctuation: **Significant** (high variation).



The financial statements, covering Q3 2022 to Q2 2023, reveal a complex financial picture with substantial fluctuations. Working capital efficiency, gauged by liabilities and current assets on revenue, exhibits significant volatility. Cost efficiency is characterized by a steady decline in the SG&A expense ratio, while the ratio of retained earnings to revenue displays considerable variation. Investment efficiency shows a generally increasing trend in retained earnings on assets, with limited variation. Earnings per share demonstrate significant volatility, increasing and decreasing sharply.  The results highlight a dynamic financial performance with substantial short-term fluctuations in key metrics.