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 107.74 (%).Trend:Decrease 33.11% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 285.65 (%).Trend:Increase 165.13% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 142.67 (%).Trend:Decrease 50.05% than previous quarter

Overall: increasing (32.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 311.05 (%).Trend:Decrease 38.76% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 698.56 (%).Trend:Increase 124.58% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 339.83 (%).Trend:Decrease 51.35% than previous quarter

Overall: increasing (9.25%). 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 -171.69 (%).Trend:Decrease 28.13% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -458.55 (%).Trend:Increase 167.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -243.81 (%).Trend:Decrease 46.83% than previous quarter

Overall: decreasing (42.01%). 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 -17.5 (%).Trend:Increase 15.51% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -21.03 (%).Trend:Increase 20.17% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -23.29 (%).Trend:Increase 10.75% than previous quarter

Overall: decreasing (33.09%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -4.17 (USD).Trend:Increase 53.31% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.56 (USD).Trend:Decrease 62.59% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.89 (USD).Trend:Increase 85.26% than previous quarter

Overall: increasing (-30.7%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 show considerable volatility. Liabilities on revenue are increasing, although with notable quarter-to-quarter fluctuation. Current assets on revenue also show an overall increase but with substantial swings.  Cost efficiency (retained earnings to revenue) shows a significant downward trend with high variability. Investment efficiency (retained earnings on assets) displays a decreasing trend with significant changes. Earnings per share, while showing an overall increasing trend, present considerable quarter-to-quarter fluctuations.