Working Capital Efficiency
The data from Quater 3 in 2021 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 3: Liabilities on Revenue 17.41 (%).Trend:Decrease 42.12% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 55.21 (%).Trend:Increase 217.12% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.43 (%).Trend:Decrease 55.75% than previous quarter

Overall: increasing (40.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 38.59 (%).Trend:Decrease 35.07% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 153.29 (%).Trend:Increase 297.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.95 (%).Trend:Decrease 51.11% than previous quarter

Overall: increasing (94.22%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2021 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 5.83 (%).Trend:Increase 39.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 36.73 (%).Trend:Increase 530.02% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 26.57 (%).Trend:Decrease 27.66% than previous quarter

Overall: increasing (355.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2021 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 3: Retained Earning on Assets 4.77 (%).Trend:Increase 108.3% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 10.41 (%).Trend:Increase 118.24% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 15.04 (%).Trend:Increase 44.48% than previous quarter

Overall: increasing (215.3%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.67 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.25 (USD).Trend:Decrease 15.73% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.07 (USD).Trend:Increase 80.89% than previous quarter

Overall: increasing (52.43%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2023 reveals substantial volatility across key financial metrics.  Liabilities on revenue and current assets on revenue both show considerable increases, though with substantial quarter-to-quarter variation.  The ratio of retained earnings to revenue, investment efficiency (retained earnings on assets), and earnings per share all trend upwards, but with notable fluctuations and some downward movement in recent quarters. The data highlight the need for further investigation into the underlying causes of this volatility.