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 16.52 (%).Trend:Decrease 22.08% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 58.23 (%).Trend:Increase 252.48% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.49 (%).Trend:Decrease 54.51% than previous quarter

Overall: increasing (60.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 31.59 (%).Trend:Decrease 22.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 163.88 (%).Trend:Increase 418.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.68 (%).Trend:Decrease 51.38% than previous quarter

Overall: increasing (152.23%). 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 -14.84 (%).Trend:Decrease 39.87% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -41.64 (%).Trend:Increase 180.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -18.33 (%).Trend:Decrease 55.98% than previous quarter

Overall: decreasing (23.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.09 (%).Trend:Increase 0.48% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.31 (%).Trend:Increase 5.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.87 (%).Trend:Increase 2.51% than previous quarter

Overall: increasing (8.44%). 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 -8.07 (%).Trend:Decrease 10.13% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -7.72 (%).Trend:Decrease 4.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -6.93 (%).Trend:Decrease 10.23% than previous quarter

Overall: increasing (-14.13%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statement analysis reveals significant fluctuations in working capital efficiency metrics like liabilities and current assets on revenue. Liabilities on revenue show a substantial increase, followed by a decrease, while current assets on revenue also demonstrate substantial volatility, increasing then decreasing. Cost efficiency indicates a downward trend in the ratio of retained earnings to revenue, but Selling, General & Administrative (SG&A) expenses show a moderate, steady increase. Investment efficiency demonstrates a fluctuating, but positive overall trend for retained earnings on assets.  Data for Earnings Per Share (EPS) is not reported.