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 94.82 (%).Trend:Decrease 52.64% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 59.79 (%).Trend:Decrease 36.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 97.01 (%).Trend:Increase 62.25% than previous quarter

Overall: increasing (2.31%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 99.46 (%).Trend:Decrease 42.84% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 63.66 (%).Trend:Decrease 35.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 93.82 (%).Trend:Increase 47.38% than previous quarter

Overall: decreasing (-5.67%). 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 -161.56 (%).Trend:Decrease 43.77% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -113.1 (%).Trend:Decrease 30.0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -177.83 (%).Trend:Increase 57.23% than previous quarter

Overall: decreasing (10.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.56 (%).Trend:Increase 9.19% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.37 (%).Trend:Increase 2.34% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.12 (%).Trend:Decrease 3.53% than previous quarter

Overall: decreasing (-1.27%). 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 -78.94 (%).Trend:Increase 4.97% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -83.55 (%).Trend:Increase 5.84% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -89.25 (%).Trend:Increase 6.82% than previous quarter

Overall: decreasing (13.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.31 (USD).Trend:Decrease 8.82% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.39 (USD).Trend:Increase 25.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.56 (USD).Trend:Increase 43.59% than previous quarter

Overall: increasing (80.65%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2022 to Q2 2023 financial statements reveals a mixed picture.  Liabilities on revenue show an overall increasing trend, but with significant quarter-to-quarter fluctuation. Current assets on revenue exhibit a decreasing overall trend.  Cost efficiency, specifically the SG&A expense ratio, shows a modest decrease, while the retained earnings-to-revenue ratio demonstrates a substantial decrease with large variations. Investment efficiency, measured by retained earnings on assets, displays a steady, substantial decrease with fluctuation. Earnings per share demonstrates a significant increase overall with volatility.