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 19.39 (%).Trend:Decrease 49.43% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 74.0 (%).Trend:Increase 281.64% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.62 (%).Trend:Decrease 55.92% than previous quarter

Overall: increasing (68.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 72.35 (%).Trend:Decrease 36.38% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 266.13 (%).Trend:Increase 267.84% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 109.93 (%).Trend:Decrease 58.69% than previous quarter

Overall: increasing (51.94%). 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 21.02 (%).Trend:Decrease 31.82% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 87.56 (%).Trend:Increase 316.56% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 38.28 (%).Trend:Decrease 56.28% than previous quarter

Overall: increasing (82.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.5 (%).Trend:Increase 5.93% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.04 (%).Trend:Increase 12.32% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.8 (%).Trend:Decrease 8.83% than previous quarter

Overall: increasing (2.4%). 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 10.45 (%).Trend:Increase 3.57% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.46 (%).Trend:Increase 19.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.91 (%).Trend:Increase 3.61% than previous quarter

Overall: increasing (23.54%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.58 (USD).Trend:Increase 46.3% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 36.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-36.71%). Fluctuation: **Neutral** (moderate variation).



Financial analysis from Q3 2022 to Q2 2023 indicates a mixed financial performance.  Liabilities on revenue, current assets on revenue, and the retained earnings-to-revenue ratio all show substantial increases, but with significant fluctuations.  This suggests a period of high volatility. While SG&A expense ratio shows a moderate increase with low variation, suggesting stable operating costs, earnings per share are decreasing.  The data highlight the need for more detailed analysis to understand the underlying causes of these fluctuations and make informed financial decisions.