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 53.18 (%).Trend:Decrease 33.25% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 161.76 (%).Trend:Increase 204.17% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 81.92 (%).Trend:Decrease 49.36% than previous quarter

Overall: increasing (54.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 90.3 (%).Trend:Decrease 32.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 272.97 (%).Trend:Increase 202.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 137.35 (%).Trend:Decrease 49.68% than previous quarter

Overall: increasing (52.1%). 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 -159.39 (%).Trend:Decrease 35.46% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -435.63 (%).Trend:Increase 173.31% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -224.95 (%).Trend:Decrease 48.36% than previous quarter

Overall: decreasing (41.13%). 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 -115.56 (%).Trend:Decrease 1.38% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -106.86 (%).Trend:Decrease 7.53% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -108.96 (%).Trend:Increase 1.97% than previous quarter

Overall: increasing (-5.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.51 (USD).Trend:Increase 10.87% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.04 (USD).Trend:Decrease 92.16% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.13 (USD).Trend:Increase 225.0% than previous quarter

Overall: increasing (-74.51%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows substantial volatility.  Liabilities and current assets on revenue exhibit significant increases and decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, continues a negative trend with large quarter-to-quarter changes.  Investment efficiency (retained earnings on assets) displays a slight overall increase, though with considerable quarterly variation. Earnings per share also show substantial quarterly fluctuations.