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 21.64 (%).Trend:Decrease 32.67% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 71.35 (%).Trend:Increase 229.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.82 (%).Trend:Decrease 55.4% than previous quarter

Overall: increasing (47.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 29.29 (%).Trend:Decrease 26.68% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 95.1 (%).Trend:Increase 224.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 38.12 (%).Trend:Decrease 59.92% than previous quarter

Overall: increasing (30.15%). 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 28.15 (%).Trend:Decrease 21.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 117.66 (%).Trend:Increase 317.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 65.45 (%).Trend:Decrease 44.37% than previous quarter

Overall: increasing (132.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.42 (%).Trend:Increase 3.38% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.26 (%).Trend:Increase 4.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.24 (%).Trend:Increase 5.37% than previous quarter

Overall: increasing (10.45%). 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 38.41 (%).Trend:Increase 8.35% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 45.99 (%).Trend:Increase 19.73% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 52.42 (%).Trend:Increase 13.98% than previous quarter

Overall: increasing (36.47%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 8.04 (USD).Trend:Increase 36.27% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.03 (USD).Trend:Decrease 74.75% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.6 (USD).Trend:Increase 77.34% than previous quarter

Overall: decreasing (-55.22%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 reveals a pattern of significant volatility in financial metrics.  Working capital efficiency (liabilities and current assets on revenue) shows a substantial increase with fluctuations.  Cost efficiency (ratio of retained earnings to revenue) also displays a substantial, fluctuating increase. The SG&A expense ratio displays a consistent increase. Investment efficiency exhibits a moderate increase, while earnings per share exhibit substantial fluctuations, declining in Q1 2023 and rising in Q2.