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 228.8 (%).Trend:Decrease 41.59% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 754.78 (%).Trend:Increase 229.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 372.86 (%).Trend:Decrease 50.6% than previous quarter

Overall: increasing (62.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 268.69 (%).Trend:Decrease 39.79% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 873.57 (%).Trend:Increase 225.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 423.4 (%).Trend:Decrease 51.53% than previous quarter

Overall: increasing (57.58%). 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 -121.59 (%).Trend:Decrease 32.95% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -479.07 (%).Trend:Increase 294.0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -246.7 (%).Trend:Decrease 48.5% than previous quarter

Overall: decreasing (102.89%). 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 -19.31 (%).Trend:Increase 9.16% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -25.66 (%).Trend:Increase 32.88% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.96 (%).Trend:Increase 12.86% than previous quarter

Overall: decreasing (49.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.71 (USD).Trend:Increase 33.96% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.73 (USD).Trend:Increase 2.82% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.27 (USD).Trend:Increase 73.97% than previous quarter

Overall: decreasing (78.87%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2022 to Q2 2023 shows significant volatility. Liabilities and current assets on revenue increased overall but with large quarter-to-quarter fluctuations. The ratio of retained earnings to revenue decreased significantly with high volatility.  Investment efficiency and earnings per share both show decreasing trends, but considerable quarterly changes. The significant instability in all metrics necessitates further investigation into performance drivers.