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 61.38 (%).Trend:Decrease 17.07% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 108.72 (%).Trend:Increase 77.13% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.44 (%).Trend:Decrease 42.57% than previous quarter

Overall: increasing (1.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 85.23 (%).Trend:Decrease 20.38% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 186.5 (%).Trend:Increase 118.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.51 (%).Trend:Decrease 45.03% than previous quarter

Overall: increasing (20.27%). 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 18.38 (%).Trend:Decrease 21.62% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 75.49 (%).Trend:Increase 310.72% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.54 (%).Trend:Decrease 51.6% than previous quarter

Overall: increasing (98.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 14.47 (%).Trend:Increase 3.28% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 20.27 (%).Trend:Increase 40.08% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 19.34 (%).Trend:Decrease 4.59% than previous quarter

Overall: increasing (33.66%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.22 (USD).Trend:Increase 48.39% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 75.78% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.23 (USD).Trend:Increase 57.69% than previous quarter

Overall: decreasing (-61.8%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 show significant volatility. Liabilities on revenue, while initially decreasing, subsequently increased, showcasing considerable quarter-to-quarter fluctuations. Current assets on revenue also showed an increasing trend with high volatility. Cost efficiency (ratio of retained earnings to revenue) saw significant increases, though again with large fluctuations. Investment efficiency (retained earnings on assets) remained positive, but with moderate variation. Earnings per share decreased overall, demonstrating considerable volatility.