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 505.68 (%).Trend:Decrease 10.0% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 1701.34 (%).Trend:Increase 236.45% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 946.18 (%).Trend:Decrease 44.39% than previous quarter

Overall: increasing (87.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 231.31 (%).Trend:Decrease 40.29% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 889.26 (%).Trend:Increase 284.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 468.4 (%).Trend:Decrease 47.33% than previous quarter

Overall: increasing (102.5%). 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 -2036.2 (%).Trend:Decrease 33.45% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -7334.9 (%).Trend:Increase 260.22% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -3873.26 (%).Trend:Decrease 47.19% than previous quarter

Overall: decreasing (90.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 109.2 (%).Trend:Decrease 1.98% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 130.87 (%).Trend:Increase 19.84% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 140.62 (%).Trend:Increase 7.45% than previous quarter

Overall: increasing (28.77%). 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 -26.77 (%).Trend:Increase 2.53% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -27.98 (%).Trend:Increase 4.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.57 (%).Trend:Increase 2.11% than previous quarter

Overall: decreasing (6.72%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial statements from Q3 2022 to Q2 2023 depict significant volatility. Liabilities on revenue increased (87.11%), with significant fluctuations between quarters. Current assets on revenue also increased (102.5%) but with substantial swings.  The retained earnings to revenue ratio decreased substantially (-90.22%), with significant fluctuations. The SG&A expense ratio showed an overall increase (28.77%) but with moderate volatility.  Finally, retained earnings on assets showed a decreasing trend (6.72%) with significant variations between quarters.