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 37.6 (%).Trend:Decrease 36.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 127.03 (%).Trend:Increase 237.85% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 61.7 (%).Trend:Decrease 51.43% than previous quarter

Overall: increasing (64.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 213.49 (%).Trend:Decrease 34.93% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 668.29 (%).Trend:Increase 213.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 314.68 (%).Trend:Decrease 52.91% than previous quarter

Overall: increasing (47.4%). 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 -177.25 (%).Trend:Decrease 28.93% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -637.92 (%).Trend:Increase 259.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -321.64 (%).Trend:Decrease 49.58% than previous quarter

Overall: decreasing (81.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.74 (%).Trend:Increase 4.24% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.08 (%).Trend:Increase 5.12% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.01 (%).Trend:Decrease 2.23% than previous quarter

Overall: increasing (2.78%). 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 -50.19 (%).Trend:Increase 9.23% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -53.62 (%).Trend:Increase 6.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -56.04 (%).Trend:Increase 4.51% than previous quarter

Overall: decreasing (11.66%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.77 (USD).Trend:Increase 63.83% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.23 (USD).Trend:Decrease 70.13% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.45 (USD).Trend:Increase 95.65% than previous quarter

Overall: increasing (-41.56%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2022 to Q2 2023 reveals significant volatility in working capital, cost, and investment metrics. Liabilities-to-revenue and current assets-to-revenue ratios trended upward, but with substantial quarter-to-quarter variations.  The retained earnings-to-revenue ratio declined significantly with substantial fluctuations.  SG&A expenses increased relatively steadily, showing less variation.  Investment efficiency (retained earnings on assets) and earnings per share show substantial changes.