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 41.75 (%).Trend:Decrease 24.15% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 112.19 (%).Trend:Increase 168.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.16 (%).Trend:Decrease 46.38% than previous quarter

Overall: increasing (44.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 131.49 (%).Trend:Decrease 33.51% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 350.25 (%).Trend:Increase 166.37% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 170.1 (%).Trend:Decrease 51.43% than previous quarter

Overall: increasing (29.36%). 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 -15.53 (%).Trend:Increase 1.77% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -105.48 (%).Trend:Increase 579.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -55.99 (%).Trend:Decrease 46.92% than previous quarter

Overall: decreasing (260.53%). 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 -7.99 (%).Trend:Increase 50.75% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -19.27 (%).Trend:Increase 141.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -21.39 (%).Trend:Increase 11.0% than previous quarter

Overall: decreasing (167.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.9 (USD).Trend:Increase 86.27% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.38 (USD).Trend:Decrease 27.37% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.14 (USD).Trend:Increase 55.07% than previous quarter

Overall: decreasing (12.63%). Fluctuation: **Significant** (high variation).



Financial performance analysis across Q3 2022 to Q2 2023 shows significant volatility. Liabilities on revenue initially decreased, then increased significantly, and decreased again. Current assets on revenue similarly showed initial decreases followed by increases and decreases. Cost efficiency (ratio of retained earnings to revenue) showed a substantial decrease with substantial quarterly variations. Investment efficiency and earnings per share both exhibited substantial decreases with notable quarter-to-quarter changes.