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 25.58 (%).Trend:Decrease 31.82% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 86.06 (%).Trend:Increase 236.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.22 (%).Trend:Decrease 54.43% than previous quarter

Overall: increasing (53.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 78.21 (%).Trend:Decrease 32.07% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 227.61 (%).Trend:Increase 191.02% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 105.56 (%).Trend:Decrease 53.62% than previous quarter

Overall: increasing (34.97%). 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 10.21 (%).Trend:Decrease 36.35% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 27.86 (%).Trend:Increase 172.87% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 11.0 (%).Trend:Decrease 60.52% than previous quarter

Overall: increasing (7.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.24 (%).Trend:Increase 0.58% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.9 (%).Trend:Decrease 1.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.94 (%).Trend:Increase 0.13% than previous quarter

Overall: decreasing (-0.96%). 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 9.13 (%).Trend:Decrease 6.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 8.6 (%).Trend:Decrease 5.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 7.21 (%).Trend:Decrease 16.16% than previous quarter

Overall: decreasing (-21.03%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.91 (USD).Trend:Increase 43.35% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.94 (USD).Trend:Decrease 67.7% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.79 (USD).Trend:Increase 90.43% than previous quarter

Overall: decreasing (-38.49%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize the financial data from Q3 2022 to Q2 2023.  While liabilities and current assets on revenue show overall increases, retained earnings on assets and earnings per share declined substantially.  The ratio of retained earnings to revenue also increased, although with high variability.  Only the SG&A expense ratio exhibited low variation.