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 16.95 (%).Trend:Decrease 33.35% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 59.45 (%).Trend:Increase 250.74% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.2 (%).Trend:Decrease 59.29% than previous quarter

Overall: increasing (42.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 49.92 (%).Trend:Decrease 42.41% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 180.78 (%).Trend:Increase 262.14% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.92 (%).Trend:Decrease 55.24% than previous quarter

Overall: increasing (62.1%). 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 37.25 (%).Trend:Decrease 31.49% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 161.71 (%).Trend:Increase 334.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 83.02 (%).Trend:Decrease 48.66% than previous quarter

Overall: increasing (122.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.54 (%).Trend:Decrease 3.54% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.23 (%).Trend:Increase 21.45% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.59 (%).Trend:Increase 2.36% than previous quarter

Overall: increasing (24.32%). 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 53.94 (%).Trend:Increase 14.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 54.34 (%).Trend:Increase 0.74% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 59.84 (%).Trend:Increase 10.12% than previous quarter

Overall: increasing (10.94%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 indicate significant variability. Liabilities on revenue increased dramatically, and then decreased.  Current assets on revenue exhibited a similar pattern of large increases and decreases.  Cost efficiency (retained earnings to revenue) showed substantial increases and decreases, while the SG&A expense ratio moderately increased.  Investment efficiency shows a stable increase in retained earnings on assets.  These large fluctuations suggest a need for further analysis.