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 12.5 (%).Trend:Decrease 46.03% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 46.47 (%).Trend:Increase 271.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.59 (%).Trend:Decrease 47.08% than previous quarter

Overall: increasing (96.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 15.67 (%).Trend:Decrease 48.97% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 58.76 (%).Trend:Increase 274.98% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 30.74 (%).Trend:Decrease 47.69% than previous quarter

Overall: increasing (96.17%). 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 5.74 (%).Trend:Decrease 34.55% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 18.99 (%).Trend:Increase 230.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7.89 (%).Trend:Decrease 58.45% than previous quarter

Overall: increasing (37.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.13 (%).Trend:Decrease 2.47% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.23 (%).Trend:Increase 40.94% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.31 (%).Trend:Increase 1.11% than previous quarter

Overall: increasing (42.5%). Fluctuation: **Neutral** (moderate 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 12.64 (%).Trend:Increase 11.37% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 10.83 (%).Trend:Decrease 14.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.13 (%).Trend:Decrease 15.7% than previous quarter

Overall: decreasing (-27.77%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.17 (USD).Trend:Decrease 29.17% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.17 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.4 (USD).Trend:Increase 135.29% than previous quarter

Overall: decreasing (135.29%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2022 to Q2 2023 show a mixed bag of financial trends. Working capital efficiency (liabilities and current assets on revenue) is generally improving, although significantly volatile. Cost efficiency, measured by retained earnings to revenue, shows similar increases but also high variability. Investment efficiency decreases, with moderate fluctuation. Earning per share is negative and highly volatile.