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 46.8 (%).Trend:Decrease 2.01% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 130.63 (%).Trend:Increase 179.12% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 64.45 (%).Trend:Decrease 50.66% than previous quarter

Overall: increasing (37.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 73.11 (%).Trend:Decrease 34.02% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 225.38 (%).Trend:Increase 208.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 118.37 (%).Trend:Decrease 47.48% than previous quarter

Overall: increasing (61.91%). 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 26.23 (%).Trend:Decrease 51.63% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 93.25 (%).Trend:Increase 255.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 43.17 (%).Trend:Decrease 53.71% than previous quarter

Overall: increasing (64.58%). 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 20.53 (%).Trend:Decrease 27.74% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.19 (%).Trend:Increase 8.09% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 20.09 (%).Trend:Decrease 9.46% than previous quarter

Overall: decreasing (-2.14%). Fluctuation: **Little** (low variation).

Earning Per Share


Analysis of Q3 2022 to Q2 2023 data shows significant fluctuations in several key financial metrics.  Liabilities and current assets relative to revenue increased overall despite large quarterly drops. The ratio of retained earnings to revenue also increased, but with considerable quarter-to-quarter variation. In contrast, retained earnings on assets showed a slight overall decrease with low volatility. The absence of earnings per share data limits a comprehensive assessment.