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 30.71 (%).Trend:Decrease 31.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 78.18 (%).Trend:Increase 154.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.84 (%).Trend:Decrease 51.6% than previous quarter

Overall: increasing (23.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 70.26 (%).Trend:Decrease 35.27% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 195.57 (%).Trend:Increase 178.35% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 96.85 (%).Trend:Decrease 50.48% than previous quarter

Overall: increasing (37.85%). 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 57.96 (%).Trend:Decrease 35.07% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 154.35 (%).Trend:Increase 166.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 78.39 (%).Trend:Decrease 49.21% than previous quarter

Overall: increasing (35.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.46 (%).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.52 (%).Trend:Increase 11.8% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.97 (%).Trend:Decrease 2.82% than previous quarter

Overall: increasing (8.65%). 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 56.73 (%).Trend:Decrease 0.94% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 53.25 (%).Trend:Decrease 6.13% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.15 (%).Trend:Increase 1.69% than previous quarter

Overall: decreasing (-4.55%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 show significant fluctuation in working capital efficiency. Liabilities on revenue increased in Q1 2023, then decreased in Q2 2023, with a similar pattern observed for current assets on revenue.  The ratio of retained earnings to revenue increases in Q1 2023, then decreases in Q2 2023.  SG&A expense ratio shows a slight overall increase, with little fluctuation.  Investment efficiency shows a small decrease in retained earnings on assets with low variation.