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 40.94 (%).Trend:Decrease 36.97% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 130.41 (%).Trend:Increase 218.54% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 73.62 (%).Trend:Decrease 43.55% than previous quarter

Overall: increasing (79.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 15.36 (%).Trend:Decrease 39.81% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 45.71 (%).Trend:Increase 197.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 23.65 (%).Trend:Decrease 48.26% than previous quarter

Overall: increasing (53.97%). 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 -53.71 (%).Trend:Decrease 33.5% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -151.77 (%).Trend:Increase 182.57% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -70.89 (%).Trend:Decrease 53.29% than previous quarter

Overall: decreasing (31.99%). 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 -35.88 (%).Trend:Increase 2.75% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -32.47 (%).Trend:Decrease 9.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -30.91 (%).Trend:Decrease 4.8% than previous quarter

Overall: increasing (-13.85%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.22 (USD).Trend:Increase 46.67% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 72.73% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.14 (USD).Trend:Increase 133.33% than previous quarter

Overall: decreasing (-36.36%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased significantly in Q1 2023, then decreased in Q2 and Q3 2023, trending overall downward. Current assets on revenue also trended upward, then decreased, then decreased again, with a similar pattern of significant fluctuations. Cost efficiency shows a significant downward trend in the ratio of retained earnings to revenue, experiencing a large increase followed by large decreases across the quarters. Invest efficiency demonstrates significant fluctuations in retained earnings on assets, showing an overall increasing trend. Earnings per share also show considerable fluctuations, trending overall downward.