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 40.79 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 124.42 (%).Trend:Increase 205.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 63.45 (%).Trend:Decrease 49.0% than previous quarter

Overall: increasing (55.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 154.83 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 491.13 (%).Trend:Increase 217.21% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 241.85 (%).Trend:Decrease 50.76% than previous quarter

Overall: increasing (56.2%). 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 -18.87 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -51.38 (%).Trend:Increase 172.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -12.02 (%).Trend:Decrease 76.61% than previous quarter

Overall: increasing (-36.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.55 (%).Trend:Decrease 100.0% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.03 (%).Trend:Increase 32.08% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.0 (%).Trend:Decrease 12.89% than previous quarter

Overall: increasing (15.06%). 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 -8.45 (%).Trend:Decrease 22.33% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -7.17 (%).Trend:Decrease 15.15% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -3.41 (%).Trend:Decrease 52.44% than previous quarter

Overall: increasing (-59.64%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.41 (USD).Trend:Increase 56.67% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.1 (USD).Trend:Decrease 92.91% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.01 (USD).Trend:Increase 910.0% than previous quarter

Overall: decreasing (-28.37%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 reveals significant fluctuations in working capital efficiency, with both liabilities and current assets showing substantial increases despite quarter-to-quarter volatility. Cost efficiency is marked by highly variable trends in Retained Earnings to Revenue and a relatively stable, though slightly increasing, SG&A Expense Ratio. Investment efficiency also exhibits significant fluctuation; Retained Earnings on Assets improved while Earnings Per Share experienced extreme volatility.