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 35.87 (%).Trend:Decrease 35.46% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 125.7 (%).Trend:Increase 250.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.18 (%).Trend:Decrease 52.12% than previous quarter

Overall: increasing (67.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 48.49 (%).Trend:Decrease 32.3% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 147.63 (%).Trend:Increase 204.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.23 (%).Trend:Decrease 50.4% than previous quarter

Overall: increasing (51.02%). 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 87.53 (%).Trend:Decrease 33.43% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 263.22 (%).Trend:Increase 200.72% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 129.05 (%).Trend:Decrease 50.97% than previous quarter

Overall: increasing (47.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.98 (%).Trend:Decrease 4.1% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.73 (%).Trend:Increase 6.74% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.97 (%).Trend:Decrease 2.74% than previous quarter

Overall: increasing (3.81%). 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 43.76 (%).Trend:Increase 2.87% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 44.24 (%).Trend:Increase 1.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.65 (%).Trend:Increase 0.93% than previous quarter

Overall: increasing (2.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.9 (USD).Trend:Increase 72.62% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 71.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.98 (USD).Trend:Increase 141.46% than previous quarter

Overall: decreasing (-31.72%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q2 2023 reveals considerable fluctuation in working capital efficiency metrics.  Liabilities on revenue, current assets on revenue, and the retained earnings ratio saw significant increases and decreases. Cost efficiency (SG&A expense ratio) displays minimal change, while investment efficiency (retained earnings on assets) shows small, consistent increases. Earnings per share are showing significant fluctuations, with drops and increases throughout the period.