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 37.17 (%).Trend:Decrease 35.01% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 119.15 (%).Trend:Increase 220.55% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.63 (%).Trend:Decrease 51.63% than previous quarter

Overall: increasing (55.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 28.46 (%).Trend:Decrease 39.11% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 91.96 (%).Trend:Increase 223.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 50.09 (%).Trend:Decrease 45.53% than previous quarter

Overall: increasing (76.0%). 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 78.32 (%).Trend:Decrease 35.26% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 247.84 (%).Trend:Increase 216.45% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 107.27 (%).Trend:Decrease 56.72% than previous quarter

Overall: increasing (36.96%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.15 (%).Trend:Decrease 6.04% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.16 (%).Trend:Increase 4.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.31 (%).Trend:Decrease 8.35% than previous quarter

Overall: decreasing (-3.97%). 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 28.33 (%).Trend:Increase 4.38% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 26.6 (%).Trend:Decrease 6.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 26.61 (%).Trend:Increase 0.04% than previous quarter

Overall: decreasing (-6.07%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2023, then decreased significantly in Q2 and Q3 2023.  Current assets on revenue also saw a large increase in Q1 2023, followed by significant decreases in Q2 and Q3 2023.  Cost efficiency shows a small overall decrease in SG&A expense ratio with little fluctuation.  Retained earnings-to-revenue ratio increased significantly in Q1 2023 before decreasing significantly in Q2 and Q3 2023.  Investment efficiency shows a slight overall decrease in retained earnings on assets with little fluctuation.