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 121.11 (%).Trend:Decrease 25.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 210.9 (%).Trend:Increase 74.14% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 123.6 (%).Trend:Decrease 41.39% than previous quarter

Overall: increasing (2.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 421.69 (%).Trend:Decrease 31.23% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 795.83 (%).Trend:Increase 88.72% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 395.59 (%).Trend:Decrease 50.29% than previous quarter

Overall: decreasing (-6.19%). 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 -996.97 (%).Trend:Decrease 32.52% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -2112.01 (%).Trend:Increase 111.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1100.16 (%).Trend:Decrease 47.91% than previous quarter

Overall: decreasing (10.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 87.81 (%).Trend:Increase 9.09% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 57.52 (%).Trend:Decrease 34.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 62.43 (%).Trend:Increase 8.54% than previous quarter

Overall: decreasing (-28.9%). 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 -179.95 (%).Trend:Increase 0.63% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -198.81 (%).Trend:Increase 10.48% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -206.31 (%).Trend:Increase 3.77% than previous quarter

Overall: decreasing (14.65%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -7.0 (USD).Trend:Increase 63.17% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 85.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 200.0% than previous quarter

Overall: increasing (-57.14%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows significant fluctuations.  Liabilities on revenue increased slightly, while current assets decreased.  Ratio of retained earnings to revenue decreased overall.  SG&A expense ratio decreased, with moderate variation. Retained earnings on assets and earnings per share also decreased, with substantial fluctuations.  The highly volatile nature of these metrics requires further analysis to pinpoint the reasons behind these variations.