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 30.69 (%).Trend:Decrease 10.42% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 76.07 (%).Trend:Increase 147.87% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.28 (%).Trend:Decrease 47.05% than previous quarter

Overall: increasing (31.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 64.96 (%).Trend:Decrease 49.03% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 164.26 (%).Trend:Increase 152.86% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 84.19 (%).Trend:Decrease 48.75% than previous quarter

Overall: increasing (29.6%). 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 82.49 (%).Trend:Decrease 33.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 254.06 (%).Trend:Increase 207.99% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 135.31 (%).Trend:Decrease 46.74% than previous quarter

Overall: increasing (64.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.99 (%).Trend:Decrease 3.2% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.92 (%).Trend:Decrease 9.0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.61 (%).Trend:Decrease 1.48% than previous quarter

Overall: decreasing (-10.35%). Fluctuation: **Little** (low 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 27.26 (%).Trend:Decrease 39.41% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 32.24 (%).Trend:Increase 18.27% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.49 (%).Trend:Increase 6.98% than previous quarter

Overall: increasing (26.52%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 7.76 (USD).Trend:Increase 34.49% than previous quarter
Year 2023 Quarter 1: Earning Per Share 3.59 (USD).Trend:Decrease 53.74% than previous quarter
Year 2023 Quarter 2: Earning Per Share 7.03 (USD).Trend:Increase 95.82% than previous quarter

Overall: decreasing (-9.41%). Fluctuation: **Significant** (high variation).



Financial statements demonstrate significant quarter-to-quarter fluctuations. Liabilities on revenue increased overall by 31.25%.  Current assets on revenue also show substantial increases with a notable jump in Q1 2023. The ratio of retained earnings to revenue increased substantially (64.03%) and spiked sharply in Q1 2023. The SG&A expense ratio is decreasing slightly overall with low variation. Investment efficiency trends upwards (26.52%), but shows significant variation. Earning per share is slightly decreased overall despite quarter-to-quarter changes.