Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 37.22 (%).Trend:Decrease 48.96% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.74 (%).Trend:Decrease 33.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.34 (%).Trend:Increase 34.76% than previous quarter

Overall: decreasing (-10.42%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 165.19 (%).Trend:Decrease 48.85% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 105.56 (%).Trend:Decrease 36.1% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 166.38 (%).Trend:Increase 57.62% than previous quarter

Overall: increasing (0.72%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 181.35 (%).Trend:Decrease 49.92% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 120.21 (%).Trend:Decrease 33.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 178.43 (%).Trend:Increase 48.43% than previous quarter

Overall: decreasing (-1.61%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.31 (%).Trend:Decrease 6.75% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.58 (%).Trend:Decrease 4.48% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.53 (%).Trend:Increase 12.52% than previous quarter

Overall: increasing (7.48%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 56.84 (%).Trend:Increase 1.57% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 58.59 (%).Trend:Increase 3.08% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 56.78 (%).Trend:Decrease 3.09% than previous quarter

Overall: decreasing (-0.11%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.12 (USD).Trend:Increase 143.68% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.47 (USD).Trend:Increase 16.51% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.72 (USD).Trend:Decrease 30.36% than previous quarter

Overall: decreasing (-18.87%). Fluctuation: **Neutral** (moderate variation).



Financial statements reveal mixed trends in working capital efficiency, with liabilities on revenue decreasing then rising and current assets showing an overall increase. Cost efficiency indicates a decrease in the ratio of retained earnings to revenue and a slight increase in SG&A.  Investment efficiency shows a decline in retained earnings on assets. Earnings per share also show a decrease.  These results suggest a need for further investigation into the causes of these fluctuations and potential areas for improvement.